movementThai stock market indexThe market opened this morning (September 16) at 1641.35 points, a decrease of 0.98 points or 0.06%, with a total trading value of 1.01 billion baht.
Mr. said Therdsak Thaweetheerathum, Deputy Director of Research, Asia Plus Securities, that the outlook for the Thai stock market today is expected to move in the same direction as other stock markets in Asia. that fell in line with the US stock market. of worries about the birthrecession (Recession) ohUnited States that will follow after the Federal Reserve’s intense interest rate hike (Fed) to fight high inflation. As a result, the US dollar continues to appreciate. And other regional currencies depreciated, especially the baht which depreciated near 37 baht/USD. Causing foreign investors to sell to pressure the market
At the same time, worries about the US recession led to a return of crude oil prices. This may put pressure on energy stocks in the Thai stock market. And the pressure is on the index today, however, even though the US economic data has come out well. But investors may be overlooked. causing the market to receive many negative factors if the pressure is to bounce back
Ready to give resistance 1,650 – 1,655 points, support 1,630 – 1,635 points
Proofreading… Siwrne Sirawong