Kasikorn Securities revealed that the Thai stock market is evaluated this week (11-15 Jan ’16), the Thai stock index has support at 1,515 and 1,500 points, while resistance is at 1,550 and 1,565 points, respectively, assessed by the Kasikorn Research Center. The key factors to monitor are: COVID-19 situation Remedial measures for COVID-19 impact The gradual announcement of the 4Q20 results of Thai listed companies includes the US-China tensions situation.
The most important US economic data are: Consumer price index Producer price index, retail sales and industrial production as of December 2020, while other important foreign factors are November ’20 industrial output of the Eurozone, Japan’s Dec’20 Producer Price Index, as well as China’s Dec’20 economic data.
Thai stocks last week rose in the first week of the year, with the SET index closing at 1,536.44 points, up 6.01% from the previous week. The average daily turnover was 118,648.47 million baht, an increase of 32.37% from the previous week, while the mai index rose 1.40% to close at 340.99 points.
For Thai stocks, they rose since the beginning of the week. According to the purchasing force of institutional and foreign investors With factors driven by the Thai authorities have not yet announced a nationwide lockdown In addition, there is an expectation that there will be additional stimulus measures. However, Thai stocks fell in the middle of the week before bouncing for the rest of the week. In line with regional stocks, Joe Biden’s endorsement of victory and Democrats’ congressional dominance. Which raised hopes of a new round of stimulus in the US
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