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Haven't seen any signs of turning back yet!!
Index 51
23 Jun 2022 5:14 a.m.
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The Thai stock index on 22 June 65 closed at 1,560.02 points, a decrease of 14.50 points, with a trading value of 68,260.93 million baht, foreign net sales. 3,585.56 million baht
Highest trading value PTTEP closes 158 baht minus 5 baht, PTT closes 33.75 baht unchanged, ADVANC closes 198 baht minus 3 baht, BBL closes 133 baht minus 2.50 baht, S5013P2209A closes 0.81 baht plus 0.08 baht.
Thai stocks press their heads down.
After investors returned to worry about the global economic slowdown again.
while global inflation continues to rise
Most recently, British inflation was at its highest in 40 years, prompting central banks around the world to raise interest rates, putting pressure on stock markets as a whole.
Asia Plus Securities
right appraisal
After pointing out that the SET's rebound up 15.31 points the day before is likely to be a short-term technical rebound.
because recently the market has been sold
The index was pressed down more than 14 points, indicating no clear signs of reversal yet.
But the correction should be lighter compared to the past period.
It pointed out the vulnerabilities of the index's rise as interesting as follows: 1. The stock index that revived the day before, lacking volume support because it has a trading value of only 5.4 billion baht.
This is the lowest daily trading value this year.
2. Foreigners still sell net 1.55 billion baht, despite seeing a return to buy net SET50 Future contracts, but the picture throughout June 65 (mtd) is still a shock or sell a net of 1.22 hundred thousand contracts (in a month that foreigners have the most net shots since the data market came)
3. Stocks that investors bought and pushed up the price the day before
Most of them were concentrated only in stocks that fell deeply in the previous period, such as ENERG, ETRON, ICT, PROP, with the market gaining 15.3 points, more than half of which was driven by energy stocks, refineries and JTS. The market is still under volatility.
Both High Inflation and Recession Concerns!!
KTBST Securities
I see that the volatility of the stock market during this period comes from both external and domestic factors.
Policy interest rates in the near future will cause foreign flows to flow out of the Thai stock market continuously. The Bank of Thailand will meet again on 10 Aug.
Our investment strategy recommends “BUY” for stocks with low SET Index volatility and/or stocks with unique positive factors.
Choose the most prominent stocks of each group as follows: BCH (buy/target 26.00), ASIAN (buy/target 19.50), SMPC (buy/target 19.00), CKP (buy/target 7.40) and CENTEL (buy/target 50.00. baht)
Index 51
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