SET Jumps 14pts At the Opening Bell, Following Positive Sentiment in Regional Markets
SET Jumps 14pts At the Opening Bell, Following Positive Sentiment in Regional Markets.
SET Jumps 14pts At the Opening Bell, Following Positive Sentiment in Regional Markets.
1 ธ.ค. 2563

SET Index made a rebound on Tuesday, gaining 13.78 points or 0.97% at the open to 1,422.09 points with a trading value of 3.42 billion baht. The surge came after the Caixin/Markit manufacturing Purchasing Managers’ Index in November came in at 54.9, which was the highest reading in a decade.
 
Finansia Syrus Securities (FSS) expected SET Index to move in sideways trends between 1,400-1,420 points. In a short-term movement, a technical rebound could occur, following the direction of regional markets, boosted by the Chinese Caixin/Markit manufacturing Index in November.
However, the analyst recommended investors to monitor the OPEC+ meeting as the decision is still uncertain whether the group will delay their increase in production output of 2 million barrels per day by January or not.
 
CGS-CIMB Securities stated that the Thai stock market might be able to advance in today’s session, but with limited upside due to yesterday’s plummet over MSCI rebalancing, resulting in a net sell of over 4,000 million baht from foreign investors. Meanwhile, the Thai stock market has been outperforming recently, resulting in a profit-taking, coupled with concerns over the coronavirus outbreak in Chiang Mai.