2023-06-26 03:08:08
HoonSmart.com>>The stock market this morning gained 1.23 points, a technical signal entering the oversold zone, but money flowed out of risky assets in a short period. Worried regarding the Fed raising interest rates – unstable politics
The stock market index on June 26, 2023 at 9:57 a.m. was at 1,506.75 points, an increase of 1.23 points or +0.08%, trading value of 827.71 million baht.
Krungsri Securities looks at the SET to weaken the support line 1,500 – 1,490 points following concerns the Federal Reserve (Fed) raised interest rates to curb inflation (FedWatch weighed in another 0.25% interest rate increase in the July meeting), which May cause the US economy to slow down, with the latest PMI Total manufacturing and service sectors in June weakened to 53.0. However, the index is expected to rebound from oversold conditions according to technical signals.
Finansia Syrus Securities assessed that the SET Index continued to swing sideways to sideways down, still being pressured by the negative investment atmosphere from short-term outflows from risky assets. and must keep an eye on the 1,500 level whether it can stand or not The overall picture of the market still lacks positive factors to support. While the pressure factor is the direction of the central bank’s monetary policy in the US and Europe, which is likely to continue to tighten in the second half of 2023, increasing pressure and increasing risks to economic growth.
While domestic political factors remain uncertain. The opening of the council meeting is scheduled for July 3 and the selection of the council chairman on July 4, with the need to follow up on the negotiations for the council chairman’s position between the Kao Klai Party and the Pheu Thai Party. The main focus is on voting for the next prime minister whether he will get 376 votes and whether the government will be formed later than the market estimates by August or not. In the short term, the market has limited upside and is pressured by Bond. Yield is high, Global Play group is expected to be pressured and look only at speculation and choose only stocks with unique positive factors. Therefore, they still prefer the domestic play segment, which benefits from gradually recovering consumption and is more exposed to the risks from the new government’s limited policies.
The top 5 stocks with the highest trading value are:
TTB is at 1.58 baht, the price is unchanged. Trading value 112.65 million baht
CPALL is at 61.75 baht, the price is unchanged. Trading value 85.41 million baht
AOT is at 72.00 baht, an increase of 0.50 baht or +0.70%, the transaction value is 36.60 million baht.
PTTEP was at 148.50 baht, down 0.50 baht or -0.34%, trading value 30.84 million baht.
COM7 was at 25.75 baht, down 0.50 baht or -1.90%, trading value 27.71 million baht.
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