Kasikorn Securities Company Limited Evaluating the Thai stock index for next week (18-22 Dec. ’23) It is expected that the Thai stock index has a support level of 1,370-1,350 points, while the resistance level is 1,400-1,425 points, respectively, by the Kasikorn Research Center. Evaluate important factors that need to be followed, including the direction of foreign capital.
Important US economic data includes home construction data, new home sales, used home sales, durable goods orders, personal income and expenses, PCE/Core PCE Price Index for November, 3Q23 GDP figures include the number of people applying for weekly unemployment benefits. While other foreign factors include the Bank of Japan (BOJ) meeting and the Consumer Price Index in November. of the Eurozone and Japan as well as China’s determination of the LPR interest rate in December.
As for the Thai stock index, it hit its lowest point in more than three years at 1,354.73 points in midweek. before rebounding After the results of the US Federal Reserve (Fed) meeting, Thai stocks dropped from the beginning to the middle of the week. Amid continued selling pressure from foreign investors while there are no new factors to support, especially stocks in the finance group. from concerns about the impact of measures to solve debt problems throughout the system and energy stocks which still faces pressure from falling oil prices in the world market
However, Thai stocks later rebounded in line with foreign stocks. After the results of the Fed meeting were as expected In addition, the Fed has signaled the end of this cycle of rising interest rates. And interest rates may be cut 3 times in 2024, resulting in strong buying back of stocks in every industry.
On Friday, December 15, 2023, the SET Index closed at 1,391.03 points, an increase of 0.73% from the level at the end of the previous week. Meanwhile, the average daily trading value was 43,844.89 million baht, an increase of 16.45% from the previous week. The mai index decreased 1.16% to close at 395.87 points.
2023-12-16 03:21:05
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