Market Roundup 6 December 2023

Thailand’s SET Index closed at 1,389.55 points, increased 6.01 points or 0.43% to 38.6 billion baht. The analyst stated that the Thai stock market moved in a sideways trend without positive catalysts. The buying pressure in DELTA helped the index to edge higher by a small margin.

The analyst expected the SET Index to continue moving in a sideways trend tomorrow, but in a positive direction while the market is monitoring US non-farm payroll to indicate the Fed’s monetary policy. As for domestic factors, investors will keep an eye on fund flows to TESG and the degree for the 500 billion baht loan for stimulus measures.


The share price of SISB rose 8% after the report of the company planning to expand more capacity to its school, including 300 seats at Pracha-Uthit, 900 seats at Thonburi, and 300 seats at Chiang Mai branch with the total seats around the country of 8,065 in 2025, according to Finansia Syrus Securities.

SISB has 4,125 students (73% Thai and 27% foreigners) in its schools at the end of Q3/23 and expects Q4/23 to add up to 4,180. The profit in Q4/23 is foreseen to reach a new high, while the executives expected the number of students in 2024 to 2026 to increase by 400 each year.


Weaker job data in the U.S. has prompted the market’s expectation for an interest rate cut in January next year to rise as the world’s largest economy is heading toward a soft landing.

There is a possibility that the market will see a Fed’s first rate cut as early as next month. Odds are rising quickly as there is about a 12% chance for a cut as of December 6, 2023, up exponentially from just 2% last week. Meanwhile, the base case shows a 55% chance of a rate cut in March, much faster than June-July in the market forecast just a few months ago.