The baht gradually depreciated and the Thai stock index pair dropped 1,400 points. Foreigners sold without stopping.

Summary of movements in the Thai stock market
The Thai stock index broke below 1,400 points at the end of the week. Thai stocks fluctuated within a narrow range during the first period. Despite negative factors from Thailand’s 3Q23 GDP numbers that came out lower than expected, But there are still positive factors from the SET. Send a signal to strictly control Naked Short Selling.

However, the Thai stock index gradually decreased since the middle of the week. After recording the meeting, the Fed signaled that The Fed may consider raising interest rates again. If inflation does not meet the target In addition, faced with selling pressure of stocks of airport business operators due to concerns about operating results that were lower than expected. Including energy stocks After the price of oil in the world market dropped due to the postponement of the meeting of the OPEC+ group.

On Friday, Nov. 24, the SET Index closed at 1,397.43 points, down 1.30% from the level at the end of last week. Meanwhile, the average daily trading value was 36,617.56 million baht, a decrease of 25.62% from the previous week. The mai index decreased 0.56% to close at 400.18 points.

For next week (27 Nov.-1 Dec.) Kasikorn Securities Company Limited sees that the Thai stock index has support levels at 1,390 and 1,375 points, while resistance levels are at 1,415 and 1,430 points. In order, the Kasikorn Research Center assessed important factors that need to be monitored, including export numbers in October. of Thailand MPC meeting (29 Nov.) Direction of foreign capital and OPEC+ meeting (30 Nov.)

Important US economic data includes new home sales. Personal income and expenses, PCE/Core PCE Price Index, October, ISM/PMI Manufacturing Index, November. 3rd quarter GDP of 2023 (prelim.) and number of people applying for weekly unemployment benefits Meanwhile, other foreign factors include profits of industrial companies in October. China’s Consumer Price Index, November (Preliminary) Eurozone and November Manufacturing PMI Index of China, Japan and the Eurozone