“Kasikorn Securities” expects stocks to swing next week in a frame of 1,590-1,635, an eye on the direction of foreign capital – the COVID situation in China – the US economy
Kasikorn Securities Assessment of the Thai stock index for the next week (December 26-30) has support at 1,600 and 1,590 points, while resistance is at 1,625 and 1,635 points, respectively. foreign capital The COVID Situation in China, Including Window Dressing at the End of the Year
Keep an eye on US economic data.
Important US economic data, including pending home sales contract sales in November. October house price index Including the number of weekly unemployment benefits Other foreign factors include China’s November industrial earnings, retail sales and Japan’s November industrial output.
The Thai stock market returned to close close to the previous week. The SET Index faced selling pressure early in the week following foreign stock markets. because despite the positive factors from the economic stimulus measures in the country But the market is concerned regarding rising global economic risks. After many central banks Still showing signs of tightening monetary policy while the Bank of Japan (BOJ) has recently adjusted the movement frame of the 10-year bond yield to be wider as well.
stock last week
However, Thai stocks gradually recovered during the rest of the week. led by bank stocks and energy stocks together with the stocks of one electronic component manufacturer There was an additional supporting factor from the issue of being selected to calculate the SET50 and SET100 indices. Thai stocks only slightly increased at the end of the week. As the market continues to worry regarding the prospect of a Fed rate hike.
On Friday (December 23), the SET index closed at 1,617.55 points, down 0.09% from the end of last week. While the average daily trading value was 47,240.56 million baht, down 20.37% from the previous week, the mai index fell 1.69% to close at 561.40 points.
Read more
