The SET index closed at 1,660.27 points, down 16.60 points with a turnover of 113,953.45 million baht after investors sold profits due to concerns about rising bond yields. – Lack of new factors to stimulate the market
Today (18 Jan. 65) SET Index closed at 1,660.27 points, down 16.60 points (+0.99%) with a trading value of 113,953.45 million baht, with the index reaching the highest level of 1,682.93 points and the lowest level of 1,66.15 points, volatility. both positive and negative territory due to lack of new factors to stimulate the market and the exchange rate of US 10-year bonds remained at a high level. thus putting pressure on the overall investment especially emerging markets
Asia Plus Securities revealed that the Thai stock market today fell sharply in line with regional markets, including Korea, Taiwan and Singapore, after the US 10-year bond yield rose to 1.83%, causing Worries about tightening US monetary policy may be faster and stronger than expected. causing market volatility In the past, the Thai stock market has risen a lot. Therefore, there is a profitable sales force spread out to all groups. As for the monetary policy in the country must continue to relax. Therefore, Thai interest rates are likely to not be affected much, although the US Federal Reserve (Fed) may accelerate interest rate hikes.
while the investment trend of tomorrow Expect the index to have a chance to swing back. Ready to provide support at 1,658 and 1,650 points, resistance at 1,670 and 1,680 points.
Yuanta Securities (Thailand) said the SET Index fell 16 points to 1,660 on the pressure of Asian and European stock markets worried about rising US bond yields, as well as profit taking in the US. Stocks that rose sharply earlier Looking at the trend on 19 Jan. 65 that the SET Index swings stable in the frame of 1,653-1,670 points, the market direction will be stable. After yesterday’s hard collapse to wait and see the results of 4Q21 of the commercial banks and the Real Sector
AIRA Securities stated that this week it still recommends to follow up on the release of the fourth quarter of year’s 64 earnings, led by a group of banks that will start reporting later this week. which is expected to be stable from the 3rd quarter. Although earnings are expected to be supported by economic recovery, however, the Bank of Thailand has started to allow banks to resume normal debt-servicing measures, which may put some pressure on profit direction.
For the securities with the highest trading value, the top 3 are:
1.KBANK trading value 7,096.85 million baht, closing at 144.00 baht, a decrease of 0.50 baht.
2.TKC trading value 4,952.84 million baht, closing at 29.50 baht, a decrease of 0.50 baht.
3.GULF trading value 4,739.91 million baht, closing at 50.50 baht, a decrease of 1.50 baht.
Source: marketdata.set.or.th ,Asia Plus Securities ,Yuanta Securities, Ira Securities
Illustration: AFP ,TNN Online