RECAP: Most Asian stock markets fell yesterday following declines on Wall Street as investors contended with disappointing results from US tech giants and Hong Kong-listed tech stocks.
Analysts say the Thai equity market should continue to benefit from fund flows, reflecting foreign investor optimism, in line with the improving economic outlook. As well, the consumption and tourism sectors are entering their high season. Although third-quarter earnings have been mostly in line with expectations, profit growth should accelerate in the fourth quarter and next year. Domestic and reopening plays should outperform the market.
The SET Index moved in a range of 1,592.49 and 1,607.75 points this week before closing yesterday at 1,606.07, up 0.9% from the previous week, with average daily turnover of 59.19 billion baht.
