Bangkok: Analysts predict a surge in the retail sector after the government rolls out economic stimulus measures. The FTSE Rebalancing Index is set for a rebalancing today, with projected outflows of around 2.5 billion baht.
According to Thai News Agency, Mr. Nattapol Khamthakruea, Senior Director of Investment Analysis at Yuanta Securities (Thailand), mentioned that following the publication of the royal decree in the Royal Gazette announcing the appointment of the Cabinet, Anutin is expected to present his policy statement to Parliament by the end of next week. He is optimistic about the prompt execution of economic stimulus policies, including the "Half-Half" scheme, tourism stimulus measures, and expedited budget disbursements. As the specifics of these measures become clearer, Mr. Nattapol anticipates that stocks in sectors connected to the domestic economy, such as retail, finance, food, beverages, construction contracting, and construction materials, will gain from the government policies aimed at short-term investment.
Currently, the Thai stock market is experiencing a consolidation phase, with the index dipping below 1,300 points this morning. The FTSE Rebalancing Index's weighting near the market's close is another influencing factor, with expected outflows of around 2.5 billion baht. Large-cap stocks may remain relatively unchanged throughout the day. The index is fluctuating sideways, with support at 1,295 points and resistance at 1,306 and 1,310 points. Hospital stocks are anticipated to receive positive developments from the Middle East, potentially resulting in increased travel to Thailand.