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Thai stock market conditions: closed down 14.16 points, worries about rising inflation, fears affecting the economy – the direction of interest rates

stock market Close today at 1,631.92 points, down 14.16 points (-0.86%), trading value 62,744.08 million baht.

stock trading today Thai stock indexes move in negative territory all day. The index reached a high of 1645.41 and a low of 1630.37.

Securities changed today, up 490 shares, down 1,312 shares, and no change in 407 shares.

Mr. Therdsak Thaweetheerathum, Deputy Director of Research Division of Asia Plus Securities said that the Thai stock market has declined steadily from yesterday. From concerns about the inflation rate in May, which rose to 7.1%, will affect the overall Thai economy and may have to use tighter financial measures and may affect the direction Thai interest It is expected that Thailand will raise interest rates to 0.25% at the end of the 3Q22 or during the 4Q22 level.

The investment trend of tomorrow The index is expected to continue to decline from today. by concerns about the overall global inflation rate that is accelerating Meanwhile, Dow futures fell more than 100 points while still having no new factors to support the index.

It is also necessary to follow up on the outcome of the Monetary Policy Committee (MPC) meeting on 8 June to see how it views the rising inflation rate and how the monetary policy direction will be adjusted.

Ready to provide support at 1,620 and 1,615 points, and resistance at 1,635 points.

As for the securities with the highest trading value, the 5 securities

BANPU, trading value 3,441.86 million baht, closed at 13.30 baht, an increase of 0.40 baht.

AOT trading value 2,133.71 million baht, closed at 68.50 baht, decreased by 1.00 baht.

BDMS trading value 1,825.16 million baht, closing at 25.00 baht, down 1.00 baht.

PTTEP trading value 1,606.08 million baht, closed at 169.00 baht, increased by 0.50 baht.

KTB trading value 1,345.31 million baht, closing at 15.60 baht, a decrease of 0.10 baht.