The SET closed in the morning at 1,666.10 points, down 10.77 points (-0.64%), with a trading value of approximately 65,161 million baht. SET reveals that the SET has revised this morning after it didn’t stand above 1,680. Returning to concerns the Fed raised interest rates quickly after the bond yield broke 1.8%, causing profit taking. Even though the situation of covid in the country has improved Found foreigners selling net 2 days in a row and domestic funds continued to sell Expected in the afternoon, the market will continue to adjust, but Downside is limited to support at 1,667 and 1660 points, and resistance at 1,672, 1,680 points.
SET Closed early today at 1,666.10 points, down 10.77 points (-0.64%), trading value around 65,161 million baht.
stock trading this morning Thai stock indexes move in positive and negative territory alternately. with a high of 1682.93 points and a low of 1664.27 points
Mr. Kiticharn Sirisuk-archa Senior Vice President – Retail Securities Analysis CGS-CIMB Securities (Thailand) said that the Thai stock market adjusted down this morning. After unable to stand above the level of 1,680 since the beginning of the year, it has been tested 5 times. In addition, foreign investors have sold net for 2 days and domestic funds have been selling continuously.
Markets return to concerns about US interest rate hikes after rising inflation The US 10-year Treasury yield yesterday rose above 1.80% from a tested 1.84%, its first break in two years, putting pressure on stocks sensitive to interest rate hikes such as electronics. KCE, DELTA, HANA, but there was buying momentum in the group that benefited from the interest rate hike. such as large bank groups such as KBANK, BBL and insurance companies led by BLA
By this morning, there was a strong profit-taking in all groups. Although the number of people infected with COVID-19 Domestically, it will drop to the lowest figure in 12 days, but we still see some buying pressure on open-minded stocks such as AOT and MINT. If the government resumes the Test & Go measure, it will be positive sentiment. It might not be deep because downside is starting to be limited, especially from the situation of covids both domestically and internationally getting better.
In addition, the market is still waiting to follow the 4Q21 results of the banks that are gradually announced this week. and the US Federal Reserve (Fed) meeting on 25-26 January whether to raise interest rates by 0.25% or not
Investment prospects in the afternoon Mr. Kiticharn said that the base should continue to adjust. It is recommended to keep an eye on whether the 1667 level is dropped or not, because if it is dropped, it has a chance to flow down to 1,650 points, but if it doesn’t, it may bounce back to 1,672 and 1,680 points.
Ready to provide support at 1,667 and 1660 points, resistance at 1,672 and 1,680 points.
As for the securities with the highest trading value, the 5 securities
KBANK trading value 4,448.60 million baht, closed at 145.00 baht, an increase of 0.50 baht.
TKC trading value 3,760.03 million baht, closed at 30.75 baht, increased 0.75 baht.
GULF trading value 3,439.23 million baht, closing at 50.75 baht, down 1.25 baht.
GUNKUL, trading value 3,286.61 million baht, closed at 6.75 baht, increased 0.60 baht
BBL trading value 2,728.98 million baht, closed at 131.00 baht, increased 1.50 baht
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