The Thai stock market in the morning jumped more than 20 points following the better-than-expected figure of Thailand’s economic growth rate in the first quarter of 2016. And China is preparing to loosen the lockdown that Shanghai believes will support the economic recovery. This will benefit Thai exports as well.
By 11:54 p.m., the SET index was at 1605.10 points, an increase of 20.72 points (+1.31%).
Recently, at 12:04 p.m., the SET index was at 1,604.62 points, an increase of 8:24 p.m. (+1.28%).
Mr. Nattapon Kamthakrua, Director of Securities Analysis Department of Yuanta Securities (Thailand) said that the Thai stock market has risen more than 20 points, receiving positive factors both at home and abroad. This morning, the National Economic and Social Development Council (NESDB) or NESDB revealed that the Thai economy in the first quarter of 2012 grew 2.2%, better than the market expected. which continued to expand from 1.8% in 4Q21
The foreign factor comes from expectations that the Chinese economy will recover following the official prepares to relieve the lockdown of Shanghai on June 1, as well as the price of energy stocks rose from higher crude oil prices.
In the followingnoon, the market is expected to be limited following approaching the resistance level.
By giving resistance at 1,608 and 1,610 points, support at 1,590 and 1600 points.
By InfoQuest News Agency (17 May 65)
Tags: Thai stock market, Thai stocks
