Kasikorn Securities Co, Ltd sees the Thai stock index as having support at 1,650 and 1,635 points, while resistance is at 1,680 and 1,700 points, respectively. As of Friday (December 30), the SET index closed at 1,668.66 points , an increase of 3.16 % by assessing important factors to be monitored, namely inflation in December 65 of Thailand’s foreign capital direction The COVID situation in China, including plans to receive Chinese tourists
Important US economic data includes PMI and ISM indices, manufacturing and services sectors. Non-Farm Employment Numbers Unemployment rate in December. and Federal Reserve (Fed) meeting minutes, while other external factors include (preliminary) consumer prices and eurozone December consumer confidence, as well as December PMI from the Eurozone, Japan and China
in the last week of the year Thailand’s stock market rebounded more than 50 points, with the SET Index rebounding since the start of the week. according to foreign stock markets This was driven by news reports about China’s preparations to open the country in early 2023, the Bank of Thailand’s economic report. which also reflects the trend of continued recovery along with the purchasing power of foreign investors Such positive factors boosted buying in all sectors this week. Technology stocks were the biggest gainers on the back of buying pressure on the electronics maker on its specific issues Trading was active on the last working day of the year before the New Year holiday.
As for the overall picture in 2022, the SET Index rose by 0.67% to close at the end of 2022 at 1,668.66 points from 1,657.62 points at the end of 2021, with Thai stocks falling in the first half of the year. A negative factor stems from the tightening of the Fed’s monetary policy. Russian-Ukrainian War Outbreaks of omicron subspecies In addition to lockdowns in many Chinese cities, however, Thai stocks have steadily improved since mid-July. There are positive factors from the trend of Thailand’s economy which is gradually improving. A slowdown signaled a Fed rate hike after US inflation slowed and added support came late in the year from news of China’s preparations to open up the country.
