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Thai stocks closed 16.55 points in line with foreign markets, fears of the global economy slowed since the second round of the COVID-19 epidemic, while domestic politics remained under pressure. Looking at the investment trend tomorrow, the market is expected to stabilize in negative territory. In the form of a side swing After there are no new problems to support AND the index Close today below the 1250 level, it is negative psychology.
Mr. Mongkol Puangpetra Deputy Managing Director The Investment Strategy Department of KTB Securities (Thailand) said that the Thai stock market has fallen in line with the international market. By regional equity markets AND European markets were all negative across the page. Like the Dow Jones, futures are still hovering in negative territory. Affected by the COVID-19 situation on the European side of the second wave, raising concern about the slowdown in the world economy. In addition, the president of the Federal Reserve (Fed) is concerned about the economic recovery that may be delayed. As a result, the US dollar appreciated.
However, Thailand although not directly affected But faced an indirect impact Where Thailand has income based on exports and tourism The Bank of Thailand (BOT) has also lowered its forecast for Thailand’s gross domestic product (GDP) at 64 by estimating that the Thai economy at 64 will expand by 3.6% from the previous forecast of 5.0. % After reducing the forecast of foreign tourists to just 9 million in year 21, our domestic market is also facing pressure from political protests.
In terms of market conditions, the Thai stock exchange closed at 1,247.46 points, decreased 16.55 points or changed -1.31%, the market value was 56,230.84 million baht.
Looking at investment trends tomorrow (September 25), Mongkol said the market would stabilize in negative territory. In the form of a side swing After there are no new problems to support And the index Today’s (September 24) close below the 1250 level, it is negative psychology. Ready to primarily adhere to the COVID-19 epidemic situation by providing 1,230 points of support and 1,255 points of resistance.
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