The Thai stock market rebounded at the end of the week. The SET index surged early in the week, driven primarily by speculative buying of banking stocks ahead of the release of 4Q2022 performance results. The Thai bourse then dropped around mid-week, dragged by energy stocks following falling global oil prices and stocks of a major electronics manufacturer after having risen for a while. However, the SET index rebounded at the end of the week in line with other regional stock markets and continuing buying of banking stocks. Foreign investors remained in a net buying position of Thai stocks this week.
On Friday, January 6, 2023, the SET closed at 1,673.86 points, up 0.31% over-week. The average daily trading value was THB75,122.47 million, up 45.93% over-week. The mai closed at 575.78 points, down 1.43% over-week.
January 9-13, 2023, KSecurities expects the SET to have support at 1,650 and 1,635 points, but resistance at 1,685 and 1,700 points, respectively. KResearch views that key matters to watch include the gradual release of Thai listed companies’ 4Q2022 performance results, foreign fund flows, and China’s reopening. The US economic data that warrant close monitoring include December CPI and Weekly Jobless Claims. Close attention must also be paid to Eurozone’s November Industrial Production and China’s December economic data such as CPI, PPI and FDI.
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.