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Thai stocks closed down -14.50 points, the market returned to worry about inflation again. Broker recommends following the Fed’s stance.

The SET closed down -14.50 points, the broker pointed out that the index collapsed in accordance with the overall regional outlook. From the momentum selling energy stocks Financial institutions and retail stocks Suggest to keep an eye on the attitude of the Fed chairman tonight. Assessing the investment framework of tomorrow may have a chance to continue to shrink Ready to provide support at 1,540 points, and resistance at 1,565 points.

The SET closed for trading on June 22, 2022, down -14.50 points or -0.92%, closing the market at 1,560.02 points, trading value 68,260.93 million baht. Today’s share trading value SET INDEX index fell all day. Intraday, the index rose the highest at 1,572.66 points, while dropping as low as 1,551.42 points.

The number of changed securities rose 386 shares, 344 remained unchanged, and fell 1,433 shares.

In terms of trading volume classified by investor group, it was found that Domestic investors bought a net +3,183.54 million baht and institutional investors bought +736.46 million baht. Foreign investors net sales of -3,585.56 million baht and securities accounts, net sales of -334.43 million baht.

As for the securities with the highest trading value, the 5 securities
1.PTTEP trading value 3,612.77 million baht, closing at 158.00 baht, down 5.00 baht
2.PTT trading value 2,035.26 million baht, closing at 33.75 baht, price unchanged.
3.ADVANC trading value 1,673.97 million baht, closing at 198.00 baht, down 3.00 baht.
4.BBL, trading value 1,544.91 million baht, closing at 133.00 baht, a decrease of 2.50 baht.
5.CPALL trading value 1,497.44 million baht, closed at 59.00 baht, decreased by 1.00 baht.

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The top 5 SET100 indexes with the biggest gains are:
1.EGCO closed at 175.50 baht, an increase of 3.00 baht or 1.74%.
2.CBG closed at 106.00 baht, an increase of 1.50 baht or 1.44%.
3.SCC closed at 364.00 baht, an increase of 1.00 baht or 0.28%.
4.SCGP closed at 53.00 baht, an increase of 0.75 baht or 1.44%.
5.BCP closes at 31.00 baht, an increase of 0.50 baht or 1.64%.

The five SET100 indices with the biggest price drop are:
1. PTTEP closes at 158.00 baht, a decrease of 5.00 baht or 3.07%.
2.SCB closed at 102.00 baht, a decrease of 3.00 baht or 2.86%.
3.ADVANC closes at 198.00 baht, a decrease of 3.00 baht or 1.49%.
4.HANA closes at 39.75 baht, a decrease of 2.50 baht or 5.92%.
5.BBL closes at 133.00 baht, a decrease of 2.50 baht or 1.85%.

The SET100 index closed at 2,150.83 points, a decrease of -20.96 points or -0.97%, the SET50 index closed at 945.80 points, a decrease of -8.91 points or -0.93%, and the mai market index closed at 598.99 points, a decrease of -7.11 points or -1.17%.

Mr. Kitphon Praipaisalkit, Director of Analysis and Strategy Department, OUB Kay Hian Securities (Thailand), said that Thai and Asian stock markets in the afternoon declined strongly. As markets await US Federal Reserve Chairman Jerome Powell (Fed) is due to announce the semi-annual US monetary policy and economic conditions to the Senate Banking Committee tonight. while the British inflation numbers in the month May continued to rise, a pressure factor Because it may cause central banks around the world to accelerate interest rates.

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Today, capital flows out of Asia. Because of concerns about the global economic picture, there is a risk and there is a higher chance of a recession. With the Asian currency depreciating, while for Thailand, government bond yield spreads were lower than the US. causing selling pressure from the bond market In the short term, the market will see an increase in caution. The thing that will stabilize the market is the direction of the listed company’s operating results to improve. The economic numbers show that there will be no recession.

In short, the energy sector reversed its direction from the former oil sector that could hedge against inflation. but in unusual situations People are worried about recession and high inflation. makes me not dare to hold energy stocks Therefore, when crude oil prices slow down briefly. showing the sales force of the energy group Including banks and retail groups. However, today we still see speculation on stocks that benefit from the weak baht, such as food exporters. including those with high oil costs such as SCC, SCGP, PTTGC and the Open City Group. which can be gradually bought from the picture, the earnings are likely to improve in the next several quarters

Tomorrow’s trend The stock market has a chance to decline. It’s up to the Fed chair’s statement tonight to believe or not that the US won’t have a recession. by giving support at 1,540 points, resistance at 1,565 points

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