Thai stocks in the morning closed up 4.07 points, technical rebound, weak baht pressured Fund Flow.

Thai stocks in the morning of January 3 closed at 1,383.92 points, up 4.07 points, with a trading value of 15,130 million baht, technically rebounding after yesterday's sharp drop. Global stock markets have yet to see new positive factors. US labor figures stronger than expected caused money to flow back into the dollar, pressuring the baht to weaken, risking continued foreign selling. In the afternoon, analysts expect it to fluctuate within the range.

Stock Exchange of Thailand (SET) Index Closed this morning, January 3, at 1,383.92 points, up 4.07 points (+0.29%), with a trading value of approximately 15,130.01 million baht.

In the morning, there was trading of 6 securities on the big board (BIG LOT) with 6 items. AXTRART was found to have the highest value at 23.48 million baht with an average price of 11.60 baht per share.

Mr. Watan Jitsomnuk, Director of Strategic Analysis, Phai Securities He said that the Thai stock market this morning technically rebounded after yesterday's deep drop of more than 20 points, while the overall global stock market opened after the New Year without seeing many new positive factors, while the number of people filing for unemployment benefits in the US came out stronger than expected, causing money to flow back into buying dollars, pressuring the baht to weaken, risking foreign investors to continue selling Thai stocks after yesterday's net sales of more than 1 billion baht.

However, even though the stock market is still under pressure, yesterday it dropped quite a lot, so there was a chance to bounce back up a bit. But there is still no sign that will make the market recover strongly. Because it is expected that the Thai economy this year will only grow by about 2%. At the same time, the market is likely to slow down investment to wait for the announcement of the policy of Mr. Donald Trump, the US president-elect.

Afternoon trend The market is expected to move within the range, with support at 1,375 points and resistance at 1,390 points.

Innovation Exchange Securities look SET, although recovery is still limited However, we are beginning to see better signs. By creating a base at the support level of 1,378 and then at 1,373 points. It is expected that the index has a chance to stand at the support level and continue to recover. The resistance level is at 1,390-1,400 points. If it breaks through, it will be a good sign.

For investment strategies this afternoon Analysts highlight outstanding stocks

Innovation Exchange Securities

• KTB support 21.30 baht, resistance 22.20 baht, cut loss 20.40 baht

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