The Thai baht weakened to approach 31.80 baht / dollar, while Thai stocks rose in line with the institute's buying power – fresh news



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Kasikorn Research Center Co., Ltd. Summary of the money market situation, capital market weekly (April 17-19), summary of the movement of value baht The Thai baht depreciated and moved to near the level of 31.80 baht per dollar. The baht weakened slightly after the domestic market returned to work from the long vacation. By the depreciation of the baht in line with the net sales, stocks and Thai securities of foreign investors Together with the dollar Boosted by the US economic numbers What went better than expected (ie, the trade deficit declined in February The number of weekly job applications that continued to decline in the last 5 weeks And retail sales in March On Friday (April 19), the baht is 31.82 baht to the dollar compared to the 31.76 baht level per dollar On the previous Friday (April 12)

For the next week (April 22-26), the Kasikorn Bank assesses the movement of the baht at 31.60-31.90 baht per dollar. That may have to track the Thai export numbers in March Domestic political factors The results of the Bank of Japan monetary policy meeting Just as the progress in the trade negotiations between the United States and China, while the US economic data Important during the week which consists of sales of used homes Sales of new homes Durable goods orders in March April consumer confidence index And GDP data for 1/62 quarter (advanced)

Thai Stock Market Summary The Thai stock market index moved in positive territory almost all week, with the SET index closing at 1,674.10 points, up 0.82% from the previous week, while the average daily traded increased 12.43% over the previous week to 45,444.22 million baht. Up 1.28% to close at 368.48 points



The Thai stock market index rose over the week. According to the buying power of institutional investors Although foreign investors are the net sellers of Thai stocks, in addition, the Thai stock market is also backed by US and Chinese economic data released better than forecasts. This resulted in the loosening of market concerns about the economic direction of the main central countries of the world, however, the index fell some positive periods at the end of the week.

For the next week (April 22-26), Kasikorn Securities Company Limited estimates that the Thai stock index is supported at 1,665 and 1,655 points, while the resistance level is 1,685 and 1,700 points, respectively. That is, the gradual announcement of results for the 1/2009 quarter of listed companies in Thailand Domestic political factors Trade negotiations between the United States And important partner countries Including the BREXIT situation The main US economic data are GDP, Q1 / 201 , durable goods orders. Sales of new homes and second-hand homes in March While other important foreign factors include the results of the Bank of Japan's monetary policy meeting. And industrial production in March of Japan

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