Money markets, capital markets this week, keep an eye on Thai export figures Oct. Capital direction of foreign investors – Covid situation – fresh news

Kasikorn Research Center Co., Ltd. Weekly summary of money market and capital markets (15-19 Nov 2021) Summary of the movement of the baht. The baht hit the highest level in more than two months at 32.56 baht per dollar. The baht continued to appreciate. This is still supported by foreign investors’ net buy position in Thai bonds. coupled with the dollar Faced with selling pressure during the week following the decline in US Treasury yields. After the information on the start of building a house in the United States. shrink more Expected in October

However, money The baht dropped to a partial negative at the end of the week as the market awaits the Fed chairman’s nomination. At the beginning of next year, on Friday (19 Nov) the baht closed in the domestic market at 32.74 compared to 32.81 baht per dollar. On the previous Friday (12 Nov)

For the next week (22-26 Nov), Kasikorn Bank views the baht movement frame at 32.30-33.00 baht per dollar. Meanwhile, the Kasikorn Research Center assesses the key factors that need to be monitored, including the numbers of Thai exports in October. The direction of foreign investors’ funds and the COVID-19 situation

while the important US economic numbers are second-hand home sales new home sales durable purchase orders Personal income/expense data and PCE/Core PCE Price Index Oct. Consumer confidence index Nov. GDP Q3/64 (2nd time) and Fed meeting minutes (2-3 Nov). In addition, the market is still waiting for the Bank of Korea meeting. China’s central bank LPR rates, including British, Eurozone and US PMIs in November (preliminary).

Summary of the movement of the Thai stock market Thai stocks move up But there was a partial gain at the end of the week, with the SET index closing at 1645.06 points, an increase of 0.68% from the previous week. The average daily turnover stood at 83,748.47 million baht, an increase of 16.19% from the previous week, while the mai index rose 0.71% to close at 562.07 points. This was driven by better-than-expected GDP figures in 3Q21 in Thailand. In addition, there is strong buying in banking, finance and technology stocks from news reports on joint ventures between commercial banks. and debt management companies Including the news of the merger of the communication company

Nonetheless, Thai stocks dropped some gains at the end of the week. with selling pressure in the shares of commercial banks After the news of the Bank of Thailand Monitor commercial banks if they sell incorrect insurance products.

For the next week (Nov. 22-26), Kasikorn Securities Company Limited views that the Thai stock index has support at 1,640 and 1,630 points, while resistance is at 1,665 and 1,675 points, respectively. To be monitored are the export figures for October of Thailand. Covid-19 situation and investment direction of foreign investors

The important US economic data is new home sales. second hand home sales durable purchase orders Personal Income and Expenses PCE/Core PCE Price Index Oct, Nov PMI (preliminary), 3Q21 GDP and Fed meeting minutes, while other international factors include data. November PMI (preliminary) for Japan and the Eurozone as well as the determination of China’s November LPR interest rate.