Thailand’s early morning stock market fell by more than 10 points as concerns over banking problems in the United States continued to weigh on the investment climate. Especially when starting to see signs that other banks may have problems. Although the United States Federal Reserve (Fed) has yet to come out with additional measures to improve the situation.
At 10:28 am, the SET index was at 1,562.51 points, down 10.56 points (-0.67%).
Mr Wichit Arayapisit, senior director and investment strategist at Maybank Securities (Thailand), said that the Thai stock market in the morning fell more than 10 points, according to the sentiments of other stock markets in the region. Responding to concerns about widespread problems with financial institutions in the United States. As a result, foreign funds (Global Fund) adjust their investment portfolios to reduce risks. by continuously selling out This shows the pressure to sell large stocks held by the fund. Especially the bank group was continuously sold. Although the Bank of Thailand (BOT) will confirm that Thai banks invest in Start-up businesses less than 1% of the capital.
Today, the important support level is 1,550 points and the resistance level is 1,580 points. We recommend waiting to see the direction of the financial institution problems in the United States. Adhering to the direction of foreign capital (Fund Flow) If it continues to sell 2,000-3,000 million baht per day, it will have to slow down investment until foreigners stop selling.
