HoonSmart.com>> Kingsford Securities The stock market in the afternoon is expected to support 1,510 – 1,515 points, resistance 1,525 – 1,530 points, following the CCC offering to relax some in-store transactions.
Kingsford Securities Looking at the stock market trend in the afternoon, set support for the SET index at 1510 – 1,515 points, resistance at 1,525 – 1,530 points, follow the meeting CCC extends offer to relax some transactions in shopping malls
For the SET Index in the morning, selling pressure from media, contractors and construction materials, Q3 earnings are expected to decline from the impact of the lockdown, while the NESDB reported Thai GDP Q2/64 +7.5% YoY, +0.4. % QoQ no regression signal This year’s growth is expected to average +1% based on the assumption that the outbreak started well at the end of Q3.
The SET Index closed in the morning -6.46 points at 1,521.86 points, with a turnover of 43.8 billion baht, similar to the MSCI Asia Pacific Index -0.20%, although Japan Q2/64 GDP recovered +1.3% & Q1/64 -3.7% YoY. But worried about the Covid-19 epidemic situation, the delta strain in Asia has a low vaccination rate. Meanwhile, Chinese economic figures show signs of a slowdown, such as July retail sales +8.5% & expectation +11.5% YoY, and July industrial production +6.4% & expect +7.8% YoY due to the impact of the virus outbreak and policies. China’s economic reforms focusing more on stability
Foreign factors tomorrow evening follow the statement of Fed Chairman Jerome Powell on the policy of starting to cut QE that most analysts expect the Fed to begin announcing next month. Or at the Jackson Hole meeting on 26 – 28 Aug. This may cause investors to slow down investment. After the US and European stock indexes rose to new highs, reported strong Q2 earnings growth.
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The stock closed in the morning, minus 6.46 points, selling after the budget notification.
