KASIKORN RESEARCH CENTER CO., LTD. Weekly summary of money market conditions and capital markets (15-19 February 2021) Summary of the movements of the baht. Thai baht moved to weaken But partially recovered at the end of the week The baht moved in a narrow range at first before beginning to depreciate in the middle of the week. After the dollar Appreciation following an increase in US government bond yields. Among the signs of the recovery of the US economy
However, the baht was able to partially reduce the depreciation period at the end of the week. Because the dollar’s upward frame is limited after the US weekly jobless claims numbers. On Friday, the baht was at 29.96, compared with 29.87 baht per dollar. On the previous Thursday (Feb. 11)
For the next week (22-26 February), Kasikornbank estimates the Thai baht movement frame at 29.80-30.20 baht per dollar. Meanwhile, the Kasikorn Research Center assesses key factors that need to be monitored, including the Fed’s statement to Congress. And issues about US economic stimulus measures Including the export data in Jan. And the political factors of Thailand The key US economic figures are the February Consumer Confidence Index. New home sales Durable goods orders Home sales contracts pending sales closing The inflation rate calculated from the Core PCE Price Index in January, the number of weekly unemployment claims, GDP 4Q20 (2nd time) and the December house price index In addition, the market may continue to monitor the COVID-19 situation. Both at home and abroad
Summary of the movement of the Thai stock market Thai stocks have fallen steadily since the middle of the week, with the SET index closing at 1,500.51 points, 0.52% down from the previous week. The average daily turnover was 95,826.59 million baht, an increase of 4.03% from the previous week, while the mai index rose 1.13% to close at 384.46 points.
Thai stocks rebounded early in the week in line with foreign markets. Among the expectations of the US economic stimulus. And the recovery of the world economy In addition, there was support from buying many stocks, especially the energy sector. However, Thai stocks moved in a narrow range before falling in the middle of the week. With negative factors from concerns about the political situation in the country And the profit-taking force of domestic institutions and foreign investors Especially in banking stocks Finance and Energy
For the next week (22-26 Feb.), Kasikorn Securities Co., Ltd. sees the Thai stock index have support at 1,490 and 1,475 points, while resistance is at 1,515 and 1,530, respectively. That must be tracked including the export numbers in January The 4Q20 results of Thailand Political Factors Co., Ltd. COVID-19 situation includes US economic stimulus measures The most important US economic data is new home sales. Durable goods orders Personal income and expenses for the month of January Other important foreign factors include China’s February LPR loan rate announcement, as well as retail sales and industrial output in January. Of Japan
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