Kasikorn Bank sees SET next week as having a support level of 1,350-1,375 points, keeping an eye on the direction of Fund Flow – Budget.

2023-11-11 04:11:52

Kasikorn Securities sees the Thai stock index for next week (13-17 Nov.) having support levels at 1,375 and 1,350 points, while resistance levels are at 1,400 and 1,415 points, respectively. The Kasikorn Research Center assesses important factors that Must follow, including the direction of foreign capital. Including the 3rd quarter results of 2023 of Thai companies.

Important US economic data includes the Consumer Price Index. Producer Price Index, Retail Sales, Industrial Production Information on starting house construction in October. Including the number of people applying for weekly unemployment benefits. While other foreign factors include 3Q23 GDP figures for Japan and the Eurozone Consumer Price Index October of the Eurozone, as well as October economic data from China, such as industrial production, retail sales, and investment in fixed assets.

On Friday, Nov. 10, the SET Index closed at 1,389.57 points, down 2.13% from the level at the end of last week. Meanwhile, the average daily trading value was 44,239.55 million baht, an increase of 9.21% from the previous week. The mai index decreased 3.30% to close at 393.77 points.

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