Summary of trading conditions in the Thai stock market on January 21, 2022, the SET Index closed at 1,652.73 points, a change of -4.23 points or -0.26%, with a trading value of 81,426.12 million baht, with the SET Index swinging in the same direction as the international market. The market is still concerned about the interest rate hike by 0.25% at the meeting on March 15-16, which is the month that the Fed. The quantitative easing (QE) bond-buying program has been canceled and is on track for signaling at 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
The yield on the US 10-year bond (US Bond Yield) has been stable at 1.833% (+0.33%), which is a rise in US Bond Yield both short- and long-term. As a result, the yield spread of risky assets compared to the yield of safe-haven assets (Earning Yield Gap) narrows, and it is expected that in the short-term, this will further depress the price of risky assets.
in terms of domestic factors There was a sell-on-fact profit after announcing results. However, the group is expected to grow back from the Thai economy, which will help lend back to growth this year. this 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
