Kasikorn Securities Co., Ltd. sees the direction of the Thai stock index next week (18-22 Mar.) with support levels at 1,375 and 1,365 points, while resistance levels at 1,400 and 1,415 points, respectively. The Kasikorn Research Center assesses important factors. Things that need to be followed include the Fed meeting (19-20 March) and the direction of foreign capital (Flow). Important US economic data includes data on the start of new home construction. February second-hand home sales, March manufacturing and service PMI indexes (preliminary), including the number of weekly jobless claims.
Meanwhile, other foreign economic data includes the BOJ meeting, PMI indexes for manufacturing and service sectors (preliminary) in March of the Eurozone, England and Japan, as well as setting the LPR interest rate in March and economic data for January-February of China, such as Retail sales, industrial production
The Thai stock market dropped at the end of the week in line with regional stock markets due to concerns that the Fed would hold interest rates high for a long time. Thai stocks fell slightly at the beginning of the week in line with the direction of regional stock markets amid signs of investor caution while waiting to follow the February inflation numbers from the United States. However, Thai stocks returned to rise in the middle of the week. This was supported by a return to net buying of Thai stocks by foreign investors. Especially in finance group stocks and energy group stocks. which is supported by the rising oil prices in the world market Thai stocks fell again at the end of the week following the direction of regional stock markets. After the US February Producer Price Index came out higher than analysts’ expectations. which has resulted in the market being worried that The Fed is likely to hold its policy interest rate high for a long time.
The SET Index closed on Friday, March 15, 2024 at 1,386.04 points, a slight decrease of 0.03% from the level at the end of last week. Meanwhile, the average daily trading value was 42,227.35 million baht, an increase of 5.16% from the previous week. The mai index increased 2.10% to close at 418.76 points.
2024-03-16 05:22:00
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