“Kasikorn Securities” expects shares to swing next week in a 1.590-1.635 frame, an eye on the direction of foreign capital – the COVID situation in China – the US economy
Kasikorn titles The Thai stock index rating for next week (December 26-30) has support at 1,600 and 1,590 points, while resistance is at 1,625 and 1,635 points respectively. The COVID situation in China including window dressing at the end of the year
Keep an eye on US economic data.
Important US economic data, including sales of Pending Home Sales contracts in November. October Home Price Index Including Weekly Unemployment Claims Number Other foreign factors include China’s November industrial earnings, November retail sales and Japanese industrial production.
The Thai stock market returned to close to the previous week’s close, while the SET index faced selling pressure earlier in the week following overseas equity markets. because despite the positive factors of economic stimulus measures in the country But the market is concerned about the growing global economic risks. After many central banks Still show signs of tightening monetary policy, while the Bank of Japan (BOJ) also recently adjusted the 10-year bond yield movement framework to make it broader.
stock last week
However, Thai shares gradually rallied during the rest of the week. led by bank stocks and energy reserves alongside stocks of an electronic components maker There was an additional support factor from the selection issue to calculate the SET 50 and SET 100 indices. Thai stocks rose only slightly at the end of the week . As the market continues to worry about the prospect of a Fed rate hike.
The SET index closed at 1,617.55 points on Friday (December 23), down 0.09% from last week’s end. While the average daily trade value was 47,240.56 million baht, down 20.37% from the previous week, the mai index fell 1.69% to close at 561.40 points.
Read more
