Thai stocks closed up 10.42 points, rebounding briefly, expected to flow into Big Cap, following BOJ-Fed next week.
Thai stocks closed today, March 14, at the level of 1,394.93 points, an increase of 10.42 points, trading value 46,462 million baht, rebounding with strong buying of big cap stocks. Expect foreign money to come in after the SET drops to an "interesting" level, but see it as just a short-term rebound. The reason is that next week there will be a meeting of the BOJ and the Fed where investors are waiting for the results.
Stock Exchange of Thailand (SET) Index March 14, closed at 1,394.93 points, an increase of 10.42 points (+0.75%), trading value 46,462.09 million baht, foreigners net buying 3,647.18 million baht, funds selling net 459.21 million baht.
Mr. Sarawut Techochawalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand) said The Thai stock market has rebounded today and can only be viewed as a short-term rebound. It is expected that foreign money will flow in to buy large stocks such as PTT, PTTEP, KBANK, SCB, etc.
In the past period, Thai stocks did not move past 1,400 points, but are still at an attractive level for investment. From January 67, Thai stock market, Hong Kong stock market and the Chinese stock market Adjusted against other markets from the economic situation and inflation But in February until now, the Hong Kong stock market has risen 13% and the Chinese stock market has risen 10% after the Chinese authorities came out to control short selling and the economic numbers came out better. Inflation turned positive But the Thai stock market still rose only 1.7%.
however Next week, investors are likely to wait and see the Bank of Japan (BOJ) meeting on March 19.. It is expected to know whether or not the special monetary policy easing will be ended or not. If the direction changes, it is expected that some foreign money will move out into the Thai stock market.
whileOn March 20, we will know the results of the Federal Reserve (Fed) meeting. Follow the dot plot. Will the number of times the Fed cuts interest rates remain the same or not? Tomorrow's trend is for resistance at 1,402 points, support at 1,385 points.
5 securities with the highest trading value
- PTT trading value 2,220.79 million baht, closed at 34.75 baht, an increase of 0.50 baht.
- KBANK trading value 2,114.33 million baht, closed at 125.00 baht, increased by 1.50 baht
- SCB trading value 1,641.31 million baht, closed at 115.00 baht, an increase of 1.50 baht.
- CPALL trading value 1,526.11 million baht, closed at 57.25 baht, decreased 0.25 baht.
- PTTEP trading value 1,499.08 million baht, closed at 153.00 baht, increased 3.00 baht
Read other news
