The Thai stock market rose more than 10 points in the morning, receiving continued positive sentiment. From the interest rate trend, the Fed is entering a period of rate cuts next year. While the baht strengthens, including expectations of TESG money inflow next week.
At 10.19 am, the SET index reached 1,389.01 points, an increase of 10.07 points (+0.73%).
The Thai stock market rose in the early morning session by more than 10 points, continuing the rise from yesterday, said Mr. Natthaphon Khamtakroya, Director of Securities Analysis at Yuanta Securities (Thailand). This is in line with other stock markets in Asia. In response to the outcome of the meeting, the Bank of England (BOE) and the European Central Bank (ECB) decided to maintain interest rates, as did the US Federal Reserve (Fed).
Including Chinese economic numbers which are showing well. Industrial production expanded in November by the most since February 2022. Meanwhile, retail sales in China rose 10.1% in November from a year earlier. This is the fastest growth since May.
However, the value of the dollar weakened. Supporting the value of the baht to enhance has a positive impact on capital flows. We expect the TESG Fund funds to arrive next week.
Support is at 1,385 points and resistance is at 1,400 points.
By InfoQuest News Agency (December 15, 2023)
Tags: group, thai stock market, thai stocks
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