Kasikorn Securities sees that next week’s Thai stock index (30 Oct. – 3 Nov.) has support levels at 1,360 and 1,350 points, while resistance levels are at 1,400 and 1,420 points, respectively.
The Kasikorn Research Center assesses important factors that need to be followed, including the Fed meeting (31 Oct. – 1 Nov.), the direction of foreign capital. Including 3Q23 operating results of Thai companies. Important US economic data includes ADP’s private sector employment, non-agricultural employment figures. Unemployment rate, ISM/PMI index, manufacturing sector, October. Including the number of people applying for weekly unemployment benefits.
While other foreign factors include the BOJ and BOE meetings, 3Q23 GDP numbers and the Consumer Price Index in October. (preliminary) of the Eurozone, as well as the October manufacturing PMI index. of Japan, China and the Eurozone
On Friday, Oct. 27, the SET Index closed at 1,388.23 points, down 0.79% from the level at the end of last week. Meanwhile, the average daily trading value was 45,203.82 million baht, down 4.69% from the previous week. The mai index dropped 1.96% to close at 399.90 points.
The Thai stock index partially recovered at the end of the week after falling sharply during the week. Overall, Thai stocks fell amid concerns about the unrest in Israel. The rise of US bond yields The chances of the Fed holding interest rates at high levels for a long time as well as policies to stimulate the domestic economy have not been finalized.
However, Thai stocks recovered somewhat at the end of the week following the direction of regional stocks. In addition, there is strong buying back of big cap stocks. In addition, the stocks that put pressure on the market throughout this week include the technology group, which faced selling pressure in line with technology stocks in the US. and the bank group, which faces profit-taking pressure After announcing the budget for 3rd quarter 2023
2023-10-28 03:05:11
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