Summary of the movement of the baht The baht hit the highest level in more than 7 months at 32.09 baht per dollar. before reducing some positive periods at the end of the week The baht appreciated most of the week on technical factors following strengthening through several levels of psychological significance. In addition, it continues to benefit from the direction of foreign capital inflows. and dollar sales force expected from exporters linked to the rhythm of the rise in gold prices in the world market
However, the baht’s appreciation frame began to narrow at the end of the week in line with the return of net selling of Thai stocks by foreign investors. On Friday (February 18), the baht closed at 32.16, compared to 32.70 baht. dollar On the previous Friday (February 11)
For the next week (February 21-25), Kasikorn Bank views the baht movement frame at 31.80-32.70 baht per dollar. Meanwhile, the Kasikorn Research Center has assessed key factors that need to be monitored, including 4Q21 GDP figures and Thailand’s January export data. the direction of foreign capital and the COVID-19 situation while the important US economic numbers are the Consumer Confidence Index for February. new home sales durable purchase orders Sales contracts for homes pending sales personal income/spending and inflation as measured by the PCE/Core PCE Price Indices Jan. 4Q21 GDP figures (prelim.) and weekly unemployment claims.
In addition, the market is still waiting to monitor the situation in Ukraine. The determination of the LPR loan interest rate of the People’s Bank of China Including preliminary data on the February PMI of the Eurozone, the UK and the US as well.
Summary of the movement of the Thai stock market The SET rebounded above 1,700 points, with the SET index closing at 1713.20, up 0.82% from the previous week. while average daily trading value was at 93,800.75 million baht, down 7.00% from the previous week, while the mai index rose 1.66% to close at 650.37 points. Thai stocks rose from the previous week, contrary to the direction of foreign stock markets, which mostly pressured by tensions between Russia and Ukraine
The factors supporting Thai stocks this week In addition to the net buying power of foreign investors. There are also government measures to support EVs, which will support related stocks to rise. Russia-Ukraine, still uncertain
For the next week (February 21-25), Kasikorn Securities Co., Ltd. sees the Thai stock index as support at 1,700 and 1,690 points, while resistance is at 1,725 and 1,740 points, respectively. The Kasikorn Research Center assesses key factors. that must be monitored include: GDP numbers for the 4th quarter of 64 in Thailand, the situation of COVID-19 Investment direction of foreign investors including the tense situation between Russia and Ukraine.
The key US economic data include Feb PMI, 4Q21 GDP, personal income and expenses, the PCE/Core PCE Price Index, and January durable goods orders. Other foreign factors include China’s Feb LPR loan, Japan’s Feb PMI and the Eurozone. and the inflation rate in January of the Eurozone
