Mr. Kitichan Sirisucharcha, senior vice president of retail securities analysis department CGS-CIMB Securities (Thailand) said the Thai stock market this morning was volatile. moves in both positive and negative territory There was a pressure factor from the impact of DELTA shares which fell sharply yesterday. Recently, the market capitalization fell to 2nd place after AOT, after recently climbing to 1st place, while every 10 baht drop in DELTA share price will affect the SET 1 point. Yesterday it will increase by about 1.4 points .
It is also under pressure from overseas stock markets. In particular, the Dow Jones and Nasdaq stock markets suffered sharp declines. Due to concerns that the Federal Reserve (Fed) will continue to raise interest rates. Investors have raised expectations that the Fed will raise interest rates by 0.50% in February after the release of strong US jobs data. The latest FedWatch Tool from CME Group indicates investors weigh in at 45, 9% on raising Fed. Interest rate from 0.50% to 4.75-5.00% meeting Jan. 31-Feb. 1 after previously giving only 27.2% weight.
However, Thailand’s stock market continued to be buoyed by foreign capital inflows as crude oil prices surged. Great for energy stocks and rising interest rates Will be good for commercial banking stocks.
Keep support at 1660-1655 points and resistance at 1668-1675 points.
