The stock closed 12.38 points in the morning following tight valuation regional markets, including two consecutive trading days of foreign investors’ selling pressure, which could be a market break. The afternoon trend is expected to swing in negative territory.
Mr. Apichat Phobanbanjerdkul Senior Director Strategic Analysis Division TISCO Securities said that the movement of the Thai stock index in the morning fell in line with the falling regional markets. Concerns of lockdown to block the spread of the COVID-19 virus. In the us and europe Which will affect the economy Germany will begin implementing stricter lockdown measures from Dec. 16 to Jan. 10, and the United States may soon have to implement a full lock-down measure following an increase in the number of infections. And patient handling capacity has begun to reach full capacity While the start of the COVID-19 vaccination is a positive sentiment, it still takes time for the epidemic to halt.
In addition, the Thai stock market has risen for six consecutive weeks, making its share value relatively tight. Including foreign investors’ sales force for 2 consecutive days, it may be a break in the market. However, foreign sales force seems to be a normal delay in investment in the second half of December, which is close to the holidays. While still looking positive on the existing Fund Flow direction from the economic recovery that is likely to recover next year. And the theme of investment is also cyclical stocks The Thai stock market has relatively cyclical stocks that will still benefit from the inflow.
In the short term, however, there might be some profit-taking force from Valuation’s tight stocks. After the index rebounded quickly in the past Coupled with no new factor entering It should make the movement of the index in the afternoon. Will remain in the negative territory The support levels are at 1,460 and 1,450 points, while resistance is at 1,470-1,472 points.
The Thai stock market closed for half a day in the morning at 1,463.75 points, a decrease of 12.38 points or a change of -0.84%, with a turnover of approximately 46,462 million baht.
– .
