2024-01-20 07:40:24
Kasikorn Securities looks at the Thai stock index 22-26 Jan. 2024, the support level is 1,385 – 1,370 points, while the resistance level is at 1,400-1,425, suggesting that you still need to closely monitor Fund Flow – Exports.
Kasikorn Securities Looking at the Thai stock index next week (22-26 Jan. ’24), there are support levels at 1,385 and 1,370 points, while resistance levels are at 1,400 and 1,425 points, respectively. The Kasikorn Research Center assesses important factors that need to be followed, including export numbers. Released in December. of Thailand, the direction of foreign capital and operating results for the 4th quarter of 2023 of Thai companies
Important US economic data includes durable goods orders. New home sales, personal income and expenses, and PCE/Core PCE Price Index for December, PMI Index for January (preliminary), 4Q23 GDP figures.
Including the number of people applying for weekly unemployment benefits. While other foreign economic data includes BOJ and ECB meetings, January PMI index (preliminary) for Japan, Eurozone, and England.
On Friday, January 19, 2024, the SET Index closed at 1,382.51 points, down 2.19% from the level at the end of last week. Meanwhile, the average daily trading value was 45,832.93 million baht, an increase of 11.20% from the previous week. The mai index decreased 1.92% to close at 412.50 points.
last week The Thai stock index continued to fall from last week amid selling pressure from foreign investors. Thai stocks have gradually decreased since the beginning of the week. This is because there are still no new factors coming in to support it, along with concerns that measures to stimulate the domestic economy may be delayed.
Moreover, there are concerns that the Fed will keep interest rates high for a long time. (After some Fed officials expressed their opinion that there was no need to rush to cut interest rates)
Including concerns regarding the Chinese economic outlook. After 4Q23 GDP came out lower than the market expected. It is also a negative factor that puts pressure on Thai stocks. This resulted in strong selling of stocks in every industry group. However, Thai stocks recovered somewhat at the end of the week.
Read related news
1705741666
#Kasikorn #Bank #expects #Thai #stocks #stand #points #week
