Kasikorn Research Center Looking at the direction of the Thai stock market next week (June 10-14), Kasikorn Securities Company Limited sees that the Thai stock index has support levels at 1,325 and 1,310 points, while resistance levels stand at 1,345 and 1,360 points, respectively. With factors important things to follow include the Fed meeting (June 11-12) and the Monetary Policy Committee meeting. (June 12) Foreign Capital Trend Important US economic data includes the Consumer Price Index and Producer Price Index in May.
Kasikorn Research CentreLooking at the direction of the Thai stock market next week (June 10-14), Kasikorn Securities Company Limited sees that the Thai stock index has support levels at 1,325 and 1,310 points, while resistance levels are at 1,345 and 1,360 points.
Including the number of people applying for weekly unemployment benefits. Meanwhile, other foreign economic factors include the Bank of Japan meeting, Japan's GDP figure for the first quarter of 2024, euro zone industrial production for April, as well as China's CPI and PPI.
The Thai stock index hit its lowest level in more than three and a half years before rebounding.
During the week, the Thai stock index reached its lowest level in more than three and a half years before rebounding somewhat at the end of the week. Thai stocks fell in contrast to the overall picture of regional stock markets, which rose. After facing net selling pressure from foreign investors for the third week in a row, on Friday, June 7, 2024, the SET index closed at 1,332.74 points, declining by 0.96% from the level at the end of the previous week.
Amid concerns about uncertainty regarding political issues in the country. This may have the effect of delaying economic stimulus measures in the country, and this factor stimulates profit-taking in stocks in many industrial groups, led by energy, finance, banks and real estate.
However, stocks in the technology group were adjusted for the overall picture due to specific positive factors.
Thai stocks recorded their lowest levels in more than 3 years and 6 months at 1,325.71 points during the week before partially recovering at the end of the week.
Kasikorn Research CentreBaht value movement Next week (June 10-14), Kasikorn Bank expects baht movement at the level of 36.20-36.80 baht per dollar.
The value of the baht next week will move in the range of 36.20-36.80 baht per dollar.
As for the movement of the baht value, Kasikorn Bank sees the movement of the baht value next week (June 10-14) at the level of 36.20-36.80 baht per dollar.
Meanwhile, Kasikorn Research Center is evaluating important factors to follow, including the results of the monetary policy meeting, the US economic outlook, the Fed's chart (June 11-12), the results of the Monetary Policy Committee meeting and Thai interests. Interest rate signal (June 12) and the results of the Bank of Japan meeting (June 13-14) as well as the trend of foreign capital, while important foreign economic figures are included. The Consumer Price Index and Producer Price Index for May in China and the United States, as well as the number of weekly unemployment claims and the Consumer Confidence Index for June in the United States.
