Friday, April 16, 2021

Domestic political situation, Covid-19 could influence stock market next week

Mar 07. 2021
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By The Nation

The Covid-19 outbreak and the political situation are expected to influence the Stock Exchange of Thailand (SET) Index next week, Kasikorn Securities said.

The securities company expected the SET Index to move between 1,510 and 1,550 points next week, advising investors to follow Thailand's political situation, the Covid-19 outbreak and progress of the US economic stimulus package.

"US economic data that warrants close monitoring include consumer and producer price indices, plus the number of initial jobless claims. Other important factors that warrant close monitoring include the European Central Bank's monetary policy, the China National People's Congress meeting and February economic data, plus Japan and the euro-zone's gross domestic product in the fourth quarter of 2020," Kasikorn Securities said.

The SET Index on Friday closed at 1,544.11, up 3.16 per cent compared to last week's close. The average daily transaction was Bt101.08 billion, up 2.01 per cent compared to last week close.

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