Stock news 11:10 a.m. 2024-03-09
Kasikorn Securities next week (11-15 Mar.) sees that the Thai stock index has support levels at 1,375 and 1,355 points.
While the resistance levels are at 1,400 and 1,415 points, respectively, the Kasikorn Research Center assesses important factors that need to be monitored, including the direction of foreign capital.
Important US economic data includes the Consumer Price Index. Producer price index, retail sales, industrial production in February, including the number of weekly jobless claims. While other foreign economic data includes:
January industrial production in the Eurozone and the UK Producer Price Index for February in Japan as well as the amount of Chinese Yuan-denominated loans in February.
in the past week The Thai stock market rebounded at the end of the week following the direction of regional stock markets. Receiving signals that the Fed may be close to cutting policy interest rates, Thai stocks fell at the beginning of the week following continued selling pressure from foreign investors. After the end of the 4th quarter 2023 earnings announcement period and there are still no new factors. Come in and stimulate the market
However, Thai stocks began to turn up since the middle of the week, supported by stock buybacks. After Thai stocks fell for 7 consecutive business days before rebounding strongly again at the end of the week following the direction of regional stock markets after the Fed Chairman signaled that the Fed may be close to cutting the policy interest rate if inflation stays at a level. It makes sense even though no specific time frame is given.
Thai stocks rose everywhere, especially at the end of the week. Led by finance stocks, which are expected to benefit from the downward trend in interest rates, including the technology and energy sectors.
On Friday, March 8, 2024, the SET Index closed at 1,386.42 points, an increase of 1.39% from the end of last week, while the average daily trading value was 40,153.90 million baht, a decrease of 31.43% from the previous week. The mai index decreased. Down 0.75% to close at 410.15 points.
By InfoQuest News Agency (09 Mar. 2024)
Tags: SET, Kasikorn Securities, Thai stocks
2024-03-09 04:11:50
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