• Thai stocks fell in the same direction as foreign stock markets. Amid concerns over the Fed’s monetary policy tightening Prolonged Russian-Ukrainian conflict situation and China’s lockdown
Summary of the movement of the baht
Thai baht faces selling pressure Following the direction of most Asian currencies, led by the Yen. [อ่อนสุดรอบ 20 ปี] and yuan [อ่อนสุดรอบเกือบ 1 ปีครึ่ง] which depreciated following signs of easing in monetary policy Against the US Federal Reserve It is expected to raise the policy rate by 0.50% along with a balance sheet cut in May. And there is a chance to continue raising interest rates to curb US inflation. The baht dropped to its weakest level in nearly 5 years at 34.50 baht per dollar. before recovering partially from technical buying pressure and adjusting positions before the May 3-4 Fed meeting.
The depreciation of the baht remains an issue that must be monitored during this period, while the BOT said it would closely monitor the situation of the baht and capital flows. and ready to take care of if the baht moves too volatile
On Friday (29 Apr) The baht closed at 34.20 baht per dollar. compared to the level of 33.94 baht per US dollar On the previous Friday (April 22), while between April 25-29, foreign investors bought net Thai stocks of 3,494 million baht and had a status of NET INFLOW, entering the bond market at 1,961 million baht (from Net purchase of bonds of 2,156 million baht, but with expired debt securities of 195 million baht)
For the next week (2-6 May), Kasikorn Bank looks at the movement of the baht at 33.80-34.50 baht per US dollar While the Kasikorn Research Center assesses important factors that need to be monitored, including the results of the Fed meeting. Ukraine-Russia situation and the direction of foreign capital while the important US economic numbers are numbers of non-farm payrolls. Private Employment, PMI and ISM Index, Manufacturing/Service Sector in April Factory orders for the month of March and the number of weekly unemployment claims In addition, the market is still waiting to monitor the April inflation rate. Thailand’s Reserve Bank of Australia meeting results, China’s manufacturing/service sector PMI index. Europe and England
Summary of the movement of the Thai stock market
Thai stocks fell from the previous week. Thai stocks fell from early to midweek in line with international stock markets amid a host of negative factors, including concerns about the Fed’s tightening of monetary policy. The tension between Russia and Ukraine is still ongoing. The announcement of lockdown measures in many parts of China, however, the SET recovered partially for the rest of the week. After responding to the above negative factors enough In addition, there was some pressure to buy back some of the energy and building materials stocks.
On Friday (29 Apr) the SET index closed at 1,667.44, down 1.37% from the previous week. The average daily trading value was 75,679.18 million baht, an increase of 8.11% from the previous week, while the mai index fell 2.76% to close at 669.88 points.
For the next week (May 2-6), Kasikorn Securities Co., Ltd. sees the SET index having support at 1,650 and 1,625 points, while resistance at 1,685 and 1,700 points, respectively. The Kasikorn Research Center has assessed key factors that need to be monitored, such as the Fed meeting (3-4 May), the consumer price index in April. Thailand’s Covid-19 situation direction of foreign capital Tensions between Russia and Ukraine Including the results of the quarter 1/62 of the Company. The important US economic data are the import and export data for the month of March. Private employment data The number of non-farm payrolls and the unemployment rate in April. While other foreign factors include China’s April PMI as well as the Producer Price Index. and retail sales in March of the eurozone
