– SET closed at 1,661.96 points, increased 1.28 points or 0.08% with a trading value of 52.9 billion baht. Analyst from Maybank Kim Eng states that the market has positive momentum after the ECB announced a rate cut and a QE which could pressure Fed to lower the rate as well in the meeting next week.
However, the valuation of the Thai market is not as cheap as before. Currently, the EPS of SET was lowered to ฿100.0/share. The P/E of SET Index at 1,660 was 16.6x.
Maybank expects the positive sentiment to remain in early next week while investors will speculate for the Fed’s meeting.
– Individuals and Prop Trade combined a total of 1.6 billion baht to buoy the market on Friday, sending SET Index to close higher by 1.28 points.