Win Thai stocks next week, reaching 1,700 points | RYT9

Kasikorn Securities Co., Ltd. sees that the Thai stock index has support at 1,650 and 1,635 points, while resistance is at 1,680 and 1,700 points, respectively. From Friday (December 30), the SET index closed at 1,668.66 points, an increase of 3.16. % by assessing important factors to monitor, namely inflation in December 65 of Thailand Foreign capital direction The COVID situation in China, including plans to receive Chinese tourists

Important US economic data include PMI and ISM indexes, manufacturing and service sectors. Nonfarm Employment Numbers Unemployment rate in Dec. and minutes of the Federal Reserve meeting (Fed), while other external factors include consumer prices (preliminary) and eurozone December consumer confidence, as well as December PMI. of the Eurozone, Japan and China

in the last week of the year The Thai stock market rebounded more than 50 points, with the SET Index rebounding since the beginning of the week. according to foreign stock markets This was driven by news reports about China’s preparations to open up the country in early 2023, the Bank of Thailand’s economic report. which also reflects the trend of continuous recovery together with the buying power of foreign investors Such positive factors boosted buying in all sectors this week. Technology stocks were the biggest gains on the back of buying pressure for an electronics maker on its specific issues. Trading was active on the last working day of the year before the New Year holiday.

As for the overall picture in 2022, the SET Index rose 0.67% to close at the end of 2022 at 1,668.66 points from 1,657.62 points at the end of 2021, with Thai stocks swinging downward in the first half of the year. There is a negative factor from the Fed’s tightening of monetary policy. Russo-Ukrainian War Outbreak of omikron subspecies As well as lockdowns in many Chinese cities, however, Thai stocks have gradually recovered since mid-July. There are positive factors from the trend of the Thai economy that gradually recovers. A slowdown signaled the Fed’s rate hike after US inflation slowed and additional support came late in the year from news of China’s preparations to open up the country.

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