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Worried about inflation!!
Index 51
8 Jun 2022 5:06 a.m.
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Thai stock index on June 7, 65 closed at 1,631.92 points, a decrease of 14.16 points, with a trading value of 62,740.76 million baht, foreign net sales of 606.28 million baht.
BANPU closes 13.30 baht plus 0.40 baht, AOT closes 68.50 baht minus 1 baht, BDMS closes 25 baht minus 1 baht, PTTEP closes 169 baht plus 0.50 baht, KTB closes 15.60 baht minus 0.10 baht.
Stocks Fall, Investors Frightened by Soaring Global Inflation
Thailand's headline inflation in May also rose to the highest in 13 years, while the meeting had to be monitored.
MPC on interest rate direction
Globlex Securities assesses the direction of the Thai stock market
swing volatility
Investors are worried that
Strong US employment data
Non-farm payrolls rose 390,000 in May, higher than analysts' estimate of 325,000.
The unemployment rate held steady at 3.6%, above analysts' expectations of 3.5%, prompting the Fed to continue raising interest rates.
while the price of WTI crude oil continued to rise
Help support energy stocks
expected this week
The index moves in the frame of 1630-1,665 points.
Still need to keep an eye on factors such as the release of the Thai Chamber of Commerce's Consumer Confidence Index.
and the University of the Thai Chamber of Commerce
Announcement of investor confidence index survey results and updates on investment situation of the Thai Capital Market Business Council, the results of the MPC meeting no. 3/65 and the results of the ECB meeting this week, as well as the results of the central bank's FOMC meeting. US mid-month
investment strategy advice
Stocks that benefit from the Ministry of Public Health's announcement that marijuana plants are not classified as a category 5 narcotic drug since 9 June 2022, positively affecting companies that do business related to cannabis. These include GUNKUL, KWM, RS, BC, IP, DOD and RBF.
There is an analysis of TISCO Securities, indicating that in inflation, food is expensive.
Recommend AGRI & FOOD stocks, especially food export stocks
It benefits from higher food prices and a weak baht. We recommend CPF, GFPT, TFG, TU, TWPC, as well as ASIAN, CFRESH stocks.
While Defensive Value stocks that are expected to fight inflation are like ADVANC, BDMS, DCC, EGCO!!
Index 51
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