The Thai stock market closed below 1,600 points. The SET surged early in the week, boosted by Thailand’s February inflation that continued to drop and hit its lowest rate in 13 months. The SET then dropped during the rest of the week, pressured by the Fed Chairman’s testimony to the Congress, as reflected by the Fed’s aggressive rate hike to curb inflation. Energy, banking and finance stocks were the most sold shares. However, the SET rose briefly , supported by technology stocks especially a major electronics manufacturing company on its bright business outlook. Foreign investors remained in the net selling position this week.
On Friday, March 10, 2023, the SET closed at 1,599.65 points, down 0.45% over-week. The average daily trading value was THB56,404.50 million, down 11.61% over-week. The mai closed at 560.13 points, up 0.50% over-week.
March 13-17, 2023, KSecurities expects the SET to have support at 1,590 and 1,575 points, but resistance at 1,620 and 1,630 points, respectively. KResearch views that key matters to watch include foreign fund flows and domestic political issue. The US economic data that warrant close monitoring include February CPI, PPI, Retail Sales, Housing Starts, Industrial Production, plus Weekly Jobless Claims. Close attention must also be paid to the upcoming ECB meeting, Eurozone’s February CPI, plus China’s February economic data such as Industrial Production, Retail Sales and Fixed Asset Investment.
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.