Thai Equity Market 21-25 Mar 2016

Thailand’s stock market in the final week of March is still set to close at around 1,390-1,410 points. When JAS failed to pay for the 900MHz licenses (worth 75,654 million baht), investors have directed their focus on the ICT industry, believing that the number of mobile operators will decrease. However, the SET Index has propelled to 1,410 points at the end of last week, forcing the Financial Institutions Policy Committee (FIPC) to retain the interest rates at 1.5%. The international market is still in fluctuation following the bombings in Brussels. SET Index has closed at 1,394.78 points, a 0.85% increase.

We expect that the index will be around 1,400 points this week, since it is the last week of the first trimester of 2016. There could be signs of window dressing and investors are still waiting for the government to announce its economic stimulus programs during Songkran.