HoonSmart.com>>Kasikorn Securities sees stocks as having support levels at 1,415 and 1,400 points, while resistance levels are at 1,440 and 1,455 points, respectively. As for the baht value Kasikorn Bank expects it to move at the level of 34.20-34.90 baht per dollar. After turning around and reaching the weakest level in more than 1 week at 34.74 baht.
Kasikorn Securities Company views stocks next week (8-12 Jan. 2024) that the stock index has support levels at 1,415 and 1,400 points, while resistance levels are at 1,440 and 1,455 points, respectively.
Kasikorn Research Center assesses important factors that need to be monitored, including: Direction of foreign capital and the gradual announcement of operating results for the 4th quarter of 2023 of Thai companies
Important US economic data includes November import and export data. 2023 Consumer Price Index and Producer Price Index, December 2023 includes the number of people applying for weekly unemployment benefits. Meanwhile, other foreign economic data includes retail sales in November. of the Eurozone, as well as China’s December 2023 Consumer Price Index and Producer Price Index.
The stock index still stood above 1,400 points in the first week of 2024. Stocks rebounded strongly on the first business day of the year in response to positive factors from the permanent Thai-Chinese visa free measure. This stimulates the buying power of stocks that benefit from tourism. Especially stocks of airport business operators. However, the stock index moved fluctuatingly during the rest of the week, in line with the direction of foreign stock markets. After responding to some positive factors Moreover, the minutes of the Fed meeting did not send a clear signal that When will the interest rate reduction begin? Incidentally, stocks in the electronic components group dropped. It was affected by the investment weight reduction of one of the major US technology stocks.
On Friday, January 5, 2024, the SET Index closed at 1,427.96 points, an increase of 0.86% from the level at the end of the previous week. While the average daily trading value was 46,832.14 million baht, an increase of 31.09%, the mai index increased 1.92% to close at 419.50 points.
As for the value of the baht next week (8-12 Jan. 2024), Kasikorn Bank sees a movement range of 34.20-34.90 baht per dollar.
The baht weakened in line with most Asian currencies. While the dollar Gradually returned to recover. From facing strong selling pressure in the last business week of 2023, along with additional positive factors from the increase in US bond yields. After US economic data It came out better than market expectations, such as private sector employment numbers in December. and the number of people applying for weekly unemployment benefits
In addition, the dollar received support. After the minutes of the Fed meeting on December 12-13, 2023, and statements from senior Fed officials reflect that there are signs that interest rate cuts are unlikely to happen quickly. and the US policy interest rate will remain at a high level for some time to ensure that the Fed US inflation rate will continuously slow down, returning to the target level
On Friday, January 5, 2024, the baht closed at 34.72 baht per dollar, compared to 34.14 baht per dollar. On the previous Thursday (28 Dec. 2023)
As for the investment portfolio status of foreign investors between 2-5 Jan. 2024, there was a net sale of Thai stocks of 2,088 million baht, but the status was Net Inflows into the Thai bond market of 12,537 million baht (net purchases of bonds of 13,038 million baht minus Expired debt instruments 501 million baht)
2024-01-06 00:06:11
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