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Strong SET! Close above 1600 points despite many pressure factors Broke next week sideways

Mr. Wichit Arayapisit investment strategist Maybank Kim Eng Securities (Thailand) said The SET today fell before rebounding after approaching the support level of 1,592 points and the index was able to close the market standing above 1,600 points, which is considered that the domestic market seems to be stronger than the international market.

Most of the Asian stock markets today moved in negative territory. Like European markets this afternoon, average negative 0.80%, like Dow futures are almost 200 points negative, pressure on the US debt ceiling problem. But believe that in the end, it should be agreed as every round And worried about the problem of energy supply shorttage in China, so foreign factors are pressure.

However, our home in the short term does not have much pressure factor. Only the flood situation If not entering the Bangkok area, it should be able to relax quickly and today (Oct. 1) began to loosen the lockdown measures to prevent the spread of the Covid-19 virus. So the domestic momentum is still good. In addition, the baht has already started to depreciate, coming to the area of ​​33.50 – 33.60 baht, which is considered better.

for investment trends in the next week Mr. Wichit Said that the market is not unlocked at all. It also helps to preview the results of the bank group for the 3rd quarter of 2021. It is expected that the profit will not be outstanding and there is a chance of a slight decline. Therefore, the market should build a base first. The index continued to swing sideways. Due to factors outside the country are still unfavorable.

However, ready to provide support at 1,590 points and resistance at 1,620 points.

Securities with the highest trading value 5 Securities

BANPU Trading value 4,725.80 million baht, closed at 13.00 baht, increased 0.60 baht.

GULF Trading value 3,613.48 million baht, closed at 43.25 baht, increased 1.75 baht.

KBANK Trading value 3,324.12 million baht, closed at 134.50 baht, increased by 1.00 baht.

SCB Trading value 2,515.13 million baht, closed at 123.00 baht, increased by 1.00 baht.

GUNKUL Trading value 2,100.60 million baht, closed at 5.05 baht, increased 0.19 baht