– SET Index closed at 1,522.72 points, increased 14.37 points or 0.95% with a trading value of 106 billion baht. The analyst stated that the Thai stock market in today’s session moved in line with regional markets and European markets, which averaged around 0.7% and 0.7%, respectively in the anticipation of the U.S. stimulus package to become laws within upcoming days with a final figure at 1.7 trillion dollars. The relief package is expected to lift U.S. GDP to 5.2% and 5.4% in 2021 and 2022, respectively, representing an increase from prior forecast at 4.2% and 5.0%, respectively.
However, the coronavirus resurgence and political issues still weighed the market down, resulting in the plummet in banking, tourism and retail sectors.
The analyst stated that the share price of OR started to gain its ground after a high jump on the first trading session and a surge since today’s morning session.
In addition, the analyst recommended investors to keep monitoring the 4020 earnings season of listed companies in SET, giving a support level for tomorrow’s session at 1,500 points and a resistance level at 1,529-1.535 points.
– Foreign Investors and Individuals combined a 3.2 billion baht of net buy to buoy SET Index by 14 points.