The Thai stock index on February 7, 2023 closed at 1,680.49 points, minus 1.62 points, with a trading value of 61,463.79 million baht, foreigners net selling 2,685.74 million baht.

Thai stocks swing negative side

after the market lacks new supporting factors

while buying DELTA stocks helped support the market. In addition, bond yields and the US dollar

The increase pressured foreign capital flows into a short-term negative.

While the US Federal Reserve (FED) chairman's statement of comments is still to be followed.

Stocks with the highest trading value DELTA closed at 970 baht, plus 20 baht, PTTEP closed at 165 baht, plus 1 baht, EA closed at 90.50 baht, plus 1.75 baht, BANPU closed at 11.20 baht, minus 0.10 baht, AOT closed at 73.50 baht, minus 0.25 baht.

Globlex Securities assessed the direction of the Thai stock market this week, weakening in line with the direction of foreign markets, with investors worried that the Federal Reserve (Fed) will proactively raise interest rates after the US opens employment numbers. Nonfarm jobs rose 517,000 in January, the highest level since July 2022, and more than double analysts' expectations of 185,000.

The US unemployment rate fell to 3.4%, below analysts' expectations of 3.6%, prompting investors to expect the FED to continue raising interest rates.

Including the problem of sanctions continued.

Recently, the President of the European Commission (EC) said that the European Union (EU) will implement new sanctions against Russia by February 24, the one-year anniversary of the Russo-Ukraine War.

In addition, the continued decline in WTI crude oil prices put pressure on energy stocks.

Therefore, the index is expected to move in the range of 1,660-1,700 points.

Factors to keep an eye on in the country, such as the 2nd week, the University of the Thai Chamber of Commerce

Announcing the Consumer Confidence Index, the Federation of Thai Capital Market Organizations (FETCO) announces investor confidence index survey results and investment situation updates.

And the Federation of Thai Industries (FTI) announced the industrial confidence index. On February 15-16, the House of Representatives will open a general debate without voting according to the constitution.

investment strategy advice

Choose stocks that benefit from the first day Chinese tourists come to Thailand in the form of group tours, with TAT expecting about 5 million Chinese tourists throughout the year and the We Travel Together Project, Phase 5, by shares that benefit. Including MINT, CENTEL, ERW, SPA, AU and SHR!!

Index 51