Key economic data to determine direction of SET Index next week
Five issues would affect the Stock Exchange of Thailand (SET) Index next week, an expert said on Sunday.
An analyst at Kasikorn Asset Management expected the SET to have support at 1,485 and 1,500 points, but resistance at 1,520 and 1,530 points.
He said key matters to watch include the Covid-19 and political situations, fourth-quarter results of Thai listed companies and gross domestic product in 2020, and progress in the approval of US stimulus measures.
"US economic data that warrants close monitoring include minutes of the Federal Reserve meeting, January retail sales and industrial production and February initial Purchasing Managers' Index [PMI]," he said.
"Other important factors that warrant close monitoring include Japan and the euro-zone's February initial PMI."
The SET Index closed at 1,508.35 on Thursday, up 0.78 per cent compared to the previous week's close. Aerage daily transactions were Bt92.11 billion, up 17.64 per cent compared to the previous week's close.
The SET Index was closed on Friday for Chinese New Year.