Thai Stock Market Roundup on 4 January 2022

SET Index closed at 1,670.28 points, increased 12.66 points or 0.76% with a trading value of 100 billion baht. The analyst stated that the movement in the Thai stock market reflect positive sentiment from investors despite the ongoing crisis of the Covid-19 omicron variant, believing that the situation would have a limited impact on the overall outlook.

The analyst recommended investors to morinot the LTF maturity selling and the upcoming earnings season of the banking sector, giving support level for tomorrow’s session at 1,640 points and a resistance level at 1,680 points.

Foreign Investors buoyed SET Index by 12 points on the first trading day of 2022 with a net buy of 6,148 million baht.

Iran vows to take revenge if the U.S. does not put Trump on a trial for killing their martyr General Qassem Soleimani on January 3, 2020.

Japan’s manufacturing activity advanced for the 11th straight month in December but grew at a slower pace than previous month amid softening of output and new orders while cost pressure remained elevated. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) in December fell to 54.3 on a seasonally adjusted basis, easing from the previous month’s 54.5.

Chinese Caixin/Markit Manufacturing Purchasing Manager’s Index (PMI) rose to 50.9 in December – its highest level since June. Economists in a Reuters pool had expected the index to rise to 50.0, which separates growth from contraction on a monthly basis, from November’s 49.9.

– New tourist arrivals to Thailand from January 10, 2022, onward will be eligible for either Phuket Sandbox or Quarantine measures.

Thai banking stocks surge on the first trading day of 2022, as US Treasury yields hit their highest level and investors shrug off concerns about the COVID-19 omicron variant.

TU accelerates its investment in the United States in order to grow its pet food business and increase revenues and profits for the group by acquiring shares in US Pet Nutrition, LLC. (USPN), which is responsible for the sale and distribution of pet food products in the United States of America.

– Stocks in Focus on January 4, 2022: KCE (KTBST Securities TP at ฿105.00/share) and TISCO (Maybank Securities TP at ฿110.00/share).