The Thai stock index on February 20, 2024 closed at 1,381.07 points, down 6.26 points, with a trading value of 40,457.10 million baht. Foreigners sold a net of 74.48 million baht.
Stocks with the highest trading value: CPALL closed 56.50 baht, plus 1.50 baht, NL closed 3.10 baht, plus 0.50 baht, DELTA closed 74.75 baht, minus 3.25 baht, TU closed 15.20 baht, minus 0.60 baht, KTB closed 16 baht, plus 0.20 baht.
Globelex Securities estimates that Thai stocks this week will fluctuate in the range of 1,370-1,400 points, with pressure from the United States reporting PPI, which is a measure of inflation. from producer spending higher than the market expected Makes me worry that The US Federal Reserve (FED) is likely to reduce policy interest rates more slowly than originally expected. Meanwhile, the rising price of WTI crude oil supports energy stocks. and follow the announcement of the company’s operating results.
Meanwhile, geopolitical risks are under pressure from news that the UNSC is likely to vote on a ceasefire in Gaza, but the United States has signaled that it will use its veto rights. Israel, meanwhile, has thwarted efforts to reach an agreement.
The NESDB revealed that GDP for the 4th quarter of 2023 grew by 1.7%, lower than the market’s expectation of 2.4-2.5%, and cut the GDP forecast for 2024 to 2.2-3.2% from the original expectation of 2.7-3.7%. NPL is likely to increase from household debt and some SME groups, but we are confident that there will not be an NPL Cliff.
However, it is still necessary to follow up on factors that have a negative impact on investment, such as the abbreviated MPC meeting report, the FPO report on fiscal and economic conditions, and the BoT report on Thai economic and financial conditions. Internationally, the FOMC released the minutes of its meeting on 30-31 Jan. 2024, the EU reported the Purchasing Managers’ Index (PMI), the PMI index for the manufacturing sector – primary services sector and weekly oil stocks, etc.
Investment strategy, recommending stocks that are imported into the Futsi Index calculation. After the announcement of a review of the new list of stocks to be used in calculating the FTSE SET Index Series, effective March 15, 2024, the FTSE Large Cap group has no new stocks. But there were shares issued, namely CPF, HMPRO, IVL and SCGP, which were moved to the FTSE Mid Cap group, where Globallex likes CPF-HMPRO. As for FTSE Small Cap, there were no new shares added. But there are shares issued: KEX, RABBIT, RAM, SAMART and WORK!!
While evaluating the price of gold, it is stable at a high level. There are supporting factors from bank reserves in the US and tensions in the Middle East. Prices are expected to fluctuate at 1,980–2,020 dollars/ounce. Recommend trading according to the framework provided!!
Index 51
2024-02-20 22:07:00
#FTSE #SET #Index #stocks
