Mr. Watan Jitsomnuk, Director of Strategic Analysis, Pye Securities, revealed that the Thai stock market closed positive today. Received main support from BDMS rising, affecting the index by approximately 1.27 points, because the 4th quarter 2023 profit report was higher than analyst estimates, along with AOT rising, affecting the index by approximately 1.2 points, estimated to be because the number of foreign tourists was still There is a continuous improvement trend. The Ministry of Tourism reports the cumulative number of foreign tourists from 1 Jan. – 18 Feb. 2024 at 5.2 million (+49%YoY).
At the same time, the investment atmosphere in Asia is positive (Nikkei +2.2% China +1.3%), creating positive psychology for Thai stocks. In addition, with the flow of foreign capital yesterday turning around to buy around 6,300 million baht, another positive factor. Thai stock market As for the baht against the US dollar, it continued to strengthen, testing 35.7 baht/US dollar. Reflecting the inflow of foreign capital. Therefore, there is a chance that when the market closes today we may see foreign investors continue to buy net.
Factors to be followed tonight include the U.S. Preliminary Manufacturing Purchasing Managers’ Index. Both the manufacturing and service sectors (Flash PMI) Bloomberg Consensus estimated them at 50.5 and 52.4, respectively. If the report is worse than expected, it will be positive for global stock markets.
For tomorrow’s trend (Feb. 23), the SET INDEX is estimated to move in a range of 1,395-1,415 points with a positive view. Because the US stock market tonight There is a chance for further gains after Nvidia reports earnings that are better than analysts’ estimates. and will create positive psychology for Thai stocks tomorrow
2024-02-22 10:20:00
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