HoonSmart.com>>Kasikorn Securities provides the highest resistance level at 1,470 points. From last week, the index fell 2.24%, reaching the lowest level in more than 2 years and 9 months at 1,429.99, while the baht weakened the most in almost 11 months. 37.24 baht per dollar Before recovering and closing at 37 baht, Kasikorn Bank expects next week to move within the range of 36.60-37.20 baht.
Kasikorn Securities Company Looking at stocks next week (9-13 Oct. 2023), the stock index has support levels at 1,415 and 1,400 points, while resistance levels are at 1,460 and 1,470 points, respectively.
Kasikorn Research Center assesses important factors that need to be monitored, including the direction of foreign capital.
Important US economic data includes the Consumer Price Index. Producer Price Index September Records from the Fed meeting (Sept. 19-20) include weekly jobless claims. Meanwhile, other foreign factors include industrial production in August. of the Eurozone and economic data for September of China, such as the Consumer Price Index Producer Price Index Import and export information
On Friday, Oct. 6, the SET Index closed at 1,438.45 points, down 2.24% from the level at the end of last week. While the average daily trading value was 48,209.07 million baht, a decrease of 12.86%, the mai index decreased 3.27% to close at 435.82 points.
The stock index hit its lowest level in more than two years and nine months at 1,429.99 points in midweek. and fell again at the end of the week.
Thai stocks dropped sharply at the beginning of the week following continued selling pressure from foreign investors amid concerns about an increase in US bond yields. The depreciation of the baht Including the downward revision of the Thai economic forecast by the World Bank. The stock moved within a narrow range later. Before falling again at the end of the week amid strong selling of big cap stocks, led by the energy sector, following the direction of world oil prices falling due to concerns about the slowdown in global oil demand.
As for the baht value, next week (9-13 Oct.), Kasikorn Bank sees a movement range of 36.60-37.20 baht per dollar. After the weakest value in nearly 11 months at 37.24 baht per dollar. But it partially recovered at the end of the week.
The baht weakened earlier in the week, in line with most Asian currencies. While the dollar Appreciated amid expectations about the possibility of an increase in US policy interest rates. In addition, the baht continues to face depreciation pressure in line with the drop in gold prices in the world market. and the investment status of foreign investors who are net sellers of Thai stocks and bonds as well.
However, the baht lost its weak period and recovered partially at the end of the week. While the dollar Depreciated following the decrease in US government bond yields. After the private sector employment numbers in September of the United States increased less than the market expected.
On Friday, October 6, 2023, the baht closed at 37.00 baht per dollar, compared to 36.41 baht per dollar. On the previous Friday (29 Sept.)
As for the investment portfolio status of foreign investors between 2-6 Oct. 2023, there was a net sale of Thai stocks of 8,855 million baht and a status of Net Outflows from the Thai bond market of 4,072 million baht (net sales of bonds of 3,069 million baht and expired debt instruments of 1,003 million baht)
2023-10-07 00:19:30
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