The SET Index closed down 15.86 points due to investor concerns. CCC expands lockdown measures Economic drag – profit Co., Ltd. assesses Thai stocks last month. Aug. Risks to adjust the support line 1,500 points. Recommend to buy stocks with good budget and high dividends.
Mr. Apichart Phobunjerdkul senior director Strategic Analysis Division TISCO Securities Company Limited revealed the overview of the Thai stock market on July 30, 64 that the SET Index (SET Index) closed at 1,521.92 points, down 15.86 points or 1.03%, and had a turnover. Total of 87,717.66 million baht, with a technical negative signal after the index fell from a key support level of 1,530 points, which is expected to be a result of concerns from the expansion of lockdown measures. This will affect the Thai economy and profits of listed companies (Limited Companies).
Foreign investors net selling Thai shares of 707.01 million baht, securities company accounts sold for 69.53 million baht, while domestic investors bought a net of 560.27 million baht and institutional investors bought a net of 216.28 million baht.
While the Thai stock market outlook in August is expected that the SET Index will swing sideway down at the support level of 1,500 points, but see it as an opportunity to gradually buy shares. The pressure factor comes from the Covid-19 situation. That may result in the lockdown measures may drag on for a long time. And will cause the Thai economy to be at risk of recession for 2 consecutive years. In addition, the Thai stock market has been pressured from statistics in the past 10 years. Investors have seen net sales this month as high as 80% and returns. average at negative 1.2%
“Therefore, investment is recommended to buy good budget stocks. and has a main support dividend By assessing the movement frame next week (2-6 August) at 1,500 support and resistance 1,540-1,545 points,” said Mr. Apichart.