Thai stocks with a rising trend in the region, receiving KBANK into MSCI – strong baht to support Fund Flow : InfoQuest

Analyst Expect the Thai stock market to rise this morning in line with regional markets. that recovered in accordance with the US and European markets There are also positive factors from MSCI adding Kasikorn Bank (KBANK) shares in the MSCI Global Standard index calculation, as well as the appreciation of the baht. Support continued capital inflows and the 2Q22 budget of Thai listed companies came out better than the market expected, giving support at 1,615-1,618 points and resistance at 1,630-1,635 points.

Mr. Kiticharn Sirisuk-archa, Senior Director of Retail Securities Analysis CGS-CIMB Securities (Thailand) Said that the Thai stock market this morning rose in line with other stock markets in Asia. that recovered following the US and European stock markets On Friday, MSCI, the world’s leading stock market indexer, announced its quarterly index review results. As for Thai stocks, MSCI has added Kasikorn Bank (KBANK) shares to the MSCI Global Standard Index, which will be effective at the closing price on August 31, and MSCI has not removed any Thai stocks. other out of the index in this index review. This morning should be given a positive merit.

However, the baht appreciated. This is good for foreign capital (Fund Flow) continues to flow in and the 2Q22 budget of most Thai listed companies came out better than the market expected.

Ready to provide support at 1,615-1,618 points and resistance at 1630-1,635 points.

By InfoQuest News Agency (15 Aug 65)

Tags: Kiticharn Sirisukarcha, CGS-CIMB, stock market, Thai stocks

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.