Thai stocks in the afternoon Analysts give a range of 1,560-1,592 points.

Kasikorn Securities Company There is a view of the Thai stock market this afternoon (18 Oct.) expected to fluctuate within the range of 1,570-1,590 points +-. The main important issues to follow are foreign reports of China's 3Q22 GDP today, postponed announcement. The market expects +3.4% YoY (compared to 2Q22 at +0.4% YoY) and other Chinese economic figures, including having to follow the 20th Chinese Communist Party Congress between now and 22 Oct.

For domestic use: The key points are:

1.) Waiting for the 3Q22 earnings report of the banking group. Companies that are expected to report significant YoY profit growth include KTB, TTB, KKP, SCB and BAY.

2.) ICT Sector) Follow the results of the resolution from the Extraordinary General Meeting of Shareholders (EGM) of JASIF will determine the structure of the home internet industry and the decision of the NBTC board will determine the structure of the mobile broadband market. Today, 18 October, ADVANC's attempt to consolidate the FBB market

Mr. Thanomsak Saharatchai, Assistant Managing Director and Head of Research, Krungthai XSpring Securities, said that This period is the Earning Season that helps to improve the market atmosphere both domestically and abroad. This Wednesday-Thursday, it is expected that large Thai banks will gradually announce their budgets. In addition, Dow Jones Futures is still up 1.6% and NASDAQ Futures is up 2.1%. Therefore, it is expected that the US stock market tonight will Continuing to improve from last night.

As for the Thai stock market, there is a chance to test the level of 1,597 points within this week after clearing the level of 1,553 points. This afternoon, the resistance level is 1,592-1,597 points and the support level is 1,572-1,560 points.

Closing in the morning at 1,585.60 points, up 14.20 points (+0.90%), with a high of 1,585.88 points and a low of 1,576.62 points, with a trading value of approximately 31,906 million baht.

5 securities with the highest trading value 

– CPALL trading value 1,819.70 million baht, closed at 58.00 baht, increased 1.00 baht.

– PTT trading value 1,304.30 million baht, closed at 34.25 baht, price unchanged.

– PTTEP trading value 1,072.51 million baht, closed at 169.00 baht, down 0.50 baht.

– DELTA trading value 1,047.19 million baht, closed at 680.00 baht, increased 14.00 baht.

– AOT trading value 1,030.61 million baht, closed at 71.25 baht, increased 1.00 baht.