Summary of trading conditions in the Thai stock market on January 24, 2022. The SET Index closed at 1,640.54 points, a change of -12.19 points or -0.74%, with a trading value of 76,905.52 million baht. The SET Index continues to fluctuate in negative territory. corresponding to the region Neighboring countries such as India, Vietnam and Russia have fallen sharply. Even if the market is waiting for the outcome of the Fed meeting. There is still concern about the interest rate hike by 0.25% at the meeting on March 15-16, which is the month when the Fed ended its quantitative easing (QE) bond purchase program and is monitoring the signal in the future. Next week’s Fed meeting (Jan 25-26)
Goldman Sachs forecasts the Fed will raise interest rates four times this year and begin cutting its balance sheet in July. or sooner From the current above 8 trillion dollars, it is expected to affect the excess fund flow into the region. and various assets to be reduced in the next period Another asset to watch out for is cryptocurrencies, which are selling heavily. after the sharp increase in the previous period
in terms of domestic factors Entering the period of 4Q21 earnings announcements, led by the banking group last week. Expect profit selling in the banking sector (Sell on Fact) after announcing the results. However, the bank has a chance to grow back from the Thai economy which will help loan growth back in the future. this year Including the direction of global interest rates starting to shift to an uptrend with the ECL setting that is expected to start to decline from 1Q’22 onwards
While the large group of CCC meetings have relaxed measures such as reopening Test & Go registrations from February 1, 2022 and expanding the sandbox in Chonburi (Bang Lamung District, Pattaya City, Sriracha District, Koh Sichang District, Sattahip District, Specific Sub-Districts) Na Chom Thian, Bang Saray Subdistrict) and Trat, ready to open the former sandbox linkage area, expected to be a supporting factor in the re-opening group, including the industrial estate group However, it still recommends following up on political issues after the 21st National Democratic Party resigned from the party, which may affect investor confidence in the next period.
AIRA Securities Public Company Limited
