Krungsri Securities (SEC) assessed the outlook for Thai stocks today (30 Mar). The index rose to resistance at 1,695 – 1,700 points before weakening. In response to the progress of the Russia-Ukraine peace talks, Russia will reduce its military action to facilitate further talks.
However, weakening crude oil prices will put pressure on. per energy group In addition, the replacement of the TFEX series will be another factor that contributes to higher volatility of the index.
Asia Plus Securities expects the SET Index to rebound to test resistance at 1,705 points, while the support level is at 1,685 points. Portfolio to use 10% cash reserves to buy IVL Top Pick shares, choose IVL, GPSC and MINT.
The Asia Plus Securities analysis indicated that Russia’s declaration to downgrade its military action against Ukraine to pave the way for talks. This was the first clear positive sign. such attitude This caused the financial market to respond with Fund Flow flowing into risky assets again. It can be seen that the major stock markets rose sharply. This will continue to have positive effects on the market. Thai stocks today
However, after this, the economic impact must be monitored as well. It will give weight to inflation that will remain high. Softer purchasing power This is a drag factor that slows down the economic recovery. Other interesting factors are the attitude of the Ministry of Finance that may not move forward Collecting tax on the sale of shares this year.
Expect the SET Index to rebound to test the resistance at 1,705 points, while the support level is at 1,685 points. Portfolios allow 10% cash reserves to buy IVL Top Pick shares, choose IVL, GPSC and MINT.
Selective buy investment strategy
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Today’s Topics
(+) Global stock markets rose sharply on news of Ukraine-Russia talks coming in positive tones: Dow rose 338 (+0.97%) to close at 35,294, while European stock indexes rose 2-3 averages. % received the news that Russia is preparing to reduce its operations soldiers in kiev and surrounding area As Ukraine is ready to be in a state The country is neutral and does not allow foreigners to set up military bases in Ukraine.
(-)Oil-Crude WTI fell 1.7 dollars amid war worries Ukraine: WTI crude prices fell another $1.72 (-1.6%) to close at 104.24 dollars a barrel. Investors ease fears of war in Ukraine after talks Peace between Russia and Ukraine came out in a positive tone, in addition, the market was cheap. Pressure from the news of China’s Shanghai lockdown resulted in lower oil demand.
(+/-) MPC meeting expected to maintain interest rate at 0.5% but may cut GDP forecast: Krungsri Securities maintains same view, expects MPC meeting today to maintain policy rate At 0.5% as before. The headline inflation rate of Thailand, which hit 5.28% in February, is still not a concern as it is mostly driven. from energy costs, but there may be a negative surprise from a downgrading of GDP forecasts
