The Thai stock market hit its 8-month low of 1,518.66 points early in the week before gradually rebounding during the rest of the week. The SET plunged early in the week due to the concerns over the US banking system after several banks suffered bank runs and were closed by regulators. The overall investment sentiment was affected by such factor, while all sectors faced heavy sell-offs especially banking. In addition, news regarding the problems at a major Swiss bank led the SET to drop briefly again during the week. However, the SET gradually rebounded from midweek due to technical factors, plus news report about measures to assist troubled banks, which partially relieved investors' concerns.
On Friday, March 17, 2023, the SET closed at 1,563.67 points, down 2.25% over-week. The average daily trading value was THB79,285.66 million, up 40.57% over-week. The mai closed at 538.27 points, down 3.90% over-week.
March 20-24, 2023, KSecurities expects the SET to have support at 1,535 and 1,515 points, but resistance at 1,575 and 1,585 points, respectively. KResearch views that key matters to watch include the upcoming FOMC meeting (March 21-22), foreign fund flows and domestic political issues. The US economic data that warrant close monitoring include February Existing Home Sales, New Home Sales, Durable Goods Orders, plus March PMI (Flash). Close attention must also be paid to China’s March LPR, the upcoming BOE meeting, February CPI of Japan and UK, plus March PMI (Flash) of Japan and Eurozone.
Enter the code from the poll
Annotation
This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow.