Reporters reported that on 7 Mar. Global stock markets, including Thai stocks, fell sharply. After the war, Russia continued to attack Ukraine. Even the United States and the West boycott But this might not stop the Russian attack. After the Russian special operations sent troops. increased access to Ukraine In which the Thai stock market opened the market immediately fell 20 points and continued to decline. Investors sell their shares to escape death. Pressed the index down to as low as 1616.08 points, down 55.64 points, before closing the market at 1626.70 points, still falling 45.02 points amid a trading value of 127,806.20 million baht.
Paiboon Nalinthrangkun, Chief Executive Officer of TISCO Securities Co., Ltd., said the global stock market, including the Thai stock market, had fallen sharply due to worries and pressure from the war.Russian-Ukrainian during this period no one can predict thus creating volatility for the stock market and risky assets.
“Investors focusing on short-term speculation must be very cautious. Don’t be in a hurry to invest For medium-long-term investors Excluding the issue of rising oil prices look at the Thai stock market including the Asian market will have little impact And there is also an upside or an opportunity to adjust up. Therefore, the SET index target this year is maintained at 1,800 points, but if the price of oil rises more or protracted, severe, long-term situations, including cases of inflation and continued rising oil prices need to review once more And in the short term, will the stock index fall below 1,600 points or not? If the world stock market or foreign stocks drop a lot, the marketThai stockswill go in the same direction as other markets.”
The price of gold is 30,900 baht per baht.
Mr. Jitti Tangsitpakdee The President of the Gold Trade Association said that the gold price in Thailand
On March 7, adjusted up to a record high. Buying at 30,800 baht per baht, selling out at 30,900 baht, breaking the previous record that was made on August 7, 2020 at 30,400 baht. Will the price trend continue? It depends on how intense the war is. if intensified There is a chance to adjust once more But if the price stops, it will fall quickly. While gold futures on the COMEX market were $1,982/ounce. If the situation is severe, there is a chance of breaking through the $2,000 gold spot has already reached $2,000/ounce.
Dr. Kritcharat Hiranyasiri, Chairman of the Group Management Committee of MTS Gold or Mae Thongsuk, said that if the war continues, the price of gold will rise faster and more strongly. But if the war is over, prices will go down whilegold priceThailand made new highs at 30,800 baht per baht, as a result of higher world gold prices and the depreciation of the baht once morest the US dollar. makes buying gold more expensive If the baht depreciates further will see the price of gold continue to rise In which gold has the opportunity to touch 31,500 baht per baht, while the gold price in the international market is likely to break through 2,000 dollars, testing at 2,072 dollars, which is the original highest price.
Win the baht to hit 33 dollars – the price of oil goes up
Ms. Rung Sanguanruang, Global Markets Business Promotion Department Bank of Ayudhya Public Company Limited said the baht opened the market yesterday (March 7) at 32.70 baht per US dollar. Depreciated slightly from the previous week, closing at 32.69 baht per dollar. before moving to stand at 32.87 baht per dollar This week has a chance to break through 33.00 baht per dollar. and has a moving frame at 32.50-33.20 baht per dollar
Meanwhile, Thai Oil Public Company Limited said that crude oil prices rose to a high level in several years. West Texas crude oil rose the highest in 14 years at $115.68 per barrel. Brent crude rose to a nine-year high at $118.11 a barrel. Dubai was at $108.99 per barrel. Singapore refined oil Closed on March 4, gasoline at $127.97 per barrel and diesel at US$136.22 per barrel.
