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Markets are worried about the Fed’s rate hike. Press Thai stocks down -13.72 points.

The Thai stock market closed down -13.72 points. The brokerage pointed out that investors are worried the Fed may return to raise interest rates in June, possibly more than 0.50% after inflation continues to rise in line with oil prices. Recommends investors to be cautious next week – keep an eye on individual stocks and the direction of US interest rates as well as a plan to reduce the balance sheet by evaluating the resistance at 1,650 points and the support at 1600-1,620 points

The Thai stock market closed for trading on May 6, 2022, down -13.72 points or -0.83%, closing the market at 1,629.58 points, trading value 72,642.09 million baht. negative dan all day Intraday, the index rose as high as 1,634.65 points, while dropping as low as 1,617.94.

Today’s changing stocks rose 372, 335 were unchanged, and 1,524 were down.

In terms of trading volume classified by investor group, it was found that Domestic investors bought a net of +2,385.89 million baht. Foreign investors net sales of -528.09 million baht, securities accounts net sales of more than -1,371.87 million baht, and institutional investors net sales of -485.94 million baht.

As for the securities with the highest trading value, the 5 securities
1.SCB trading value 2,117.03 million baht, closed at 113.50 baht, decreased by 2.00 baht.
2.KBANK trading value 2,075.77 million baht, closing at 147.00 baht, a decrease of 0.50 baht.
3.BANPU, trading value 2,043.51 million baht, closed at 12.50 baht, an increase of 0.10 baht.
4.EA trading value 1,965.14 million baht, closed at 85.25 baht, decreased 1.75 baht
5.AOT trading value 1,776.39 million baht, closed at 66.50 baht, a decrease of 0.75 baht.

The top 5 SET100 indexes with the biggest gains are:
1.BLA closes at 43.00 baht, an increase of 1.25 baht or 2.99%.
2.RCL closed at 43.00 baht, an increase of 0.75 baht or 1.78%.
3.TOP closes at 58.25 baht, an increase of 0.50 baht or 0.87%.
4.INTUCH closes at 70.75 baht, an increase of 0.50 baht or 0.71%.
5.MEGA closed at 47.75 baht, an increase of 0.25 baht or 0.53%.

The five SET100 indices with the biggest price drop are:
1.CBG closed at 103.50 baht, a decrease of 3.00 baht or 2.82%.
2.GPSC closes at 63.00 baht, a decrease of 2.50 baht or 3.82%.
3.EGCO closes at 164.00 baht, a decrease of 2.00 baht or 1.20%.
4.EA closes at 85.25 baht, a decrease of 1.75 baht or 2.01%.
5.CPALL closes at 65.00 baht, a decrease of 1.50 baht or 2.26%.

While the SET100 index closed at 2,204.52 points, a decrease of -23.69 points or -1.06%, the SET50 index closed at 966.79 points, a decrease of -10.19 points, or -1.04%, and the mai market index closed at 627.78 points, a decrease of -5.16 points, or -0.82%.

Aira Securities sees that the Thai stock market next week Investors still have to continue to monitor the first quarter earnings reports of listed companies (corporations) and advise them to be cautious of profit-taking in tourism and hotel sectors. after the price rose reflecting the relaxation of the immigration policy to welcome tourists to a certain extent Stocks in the food export sector are still attractive. from the continuing rise in world food prices due to the impact of the protracted Russo-Ukrainian War causing the price direction of fertilizer and feed to continue to rise

While Ms. Teerada Chanyingyong, director of securities analysis at Phillip Securities (Thailand), said that the Thai stock market index today fell in line with regional stock markets. Investors are worried that the Federal Reserve (Fed) may raise interest rates by more than 0.50% at its monthly meeting. Jun. After the inflation direction that still tends to rise continually in line with oil prices. At the same time, US bond yields continues to rise As a result, there is a strong sell-off of risky assets.

As for the investment trend next week, investors are expected to increase caution. and focusing on individual stock investments according to the gradual earnings along with monitoring the progress of the US interest rate direction and the plan to reduce the balance sheet including foreign capital However, the depreciation of the baht helped support the export sector. and tourism that the government has tried to open up the country more It is believed that it will help support the index to a certain extent. by evaluating support at 1600-1,620 points and resistance at 1,650 points