Bangkok, June 7-CGS-CIMB Securities analysts forecast a slowdown in inflation. This has a positive effect on the Thai stock market in the short term.
Mr. Teerasak Thanawarakul, Director of Analysis Department, CGS-CIMB Securities, gave an interview on the Investing Minute program on Channel 9 MCOT HD, estimated that the May 2023 inflation figure that increased by 0.5% slowed down and was the lowest in the country. The 21-month period may come from a slowdown in interest rates, which is considered a good sentiment for the Thai stock market in the short term. But may have to see foreign investors return to buy net. which the inflation numbers came out at a low level It may come from export numbers and economic slowdown.
However, in the short term, the Thai stock market is still under pressure from foreign investors' selling. Beginning to see foreign investors return to buy net in the derivatives market, SET 50 Index Futures is considered a pilot in the capital market. But to come back to buy the net in the stock. Capital may still have to wait for clarity. Yesterday (June 6) was hoping to break the resistance at 1540 points, but it did not pass. Therefore, short-term sentiment may still be pressured. Assess the downside of the SET Index, the support level. Importantly, 1520 points is quite low. Recommend to be patient and wait for a rebound. If the SET Index breaks the resistance 1540 points or higher, it is a buy signal and a reversal signal that it reached the bottom of the SET Index earlier this week.
for today's recommended stocks Technically, in the short term, TQM stocks are still strong. Compared to the market picture, in addition, group stocks Food and beverages are ICHI and SAPPE. Prices are also strong. and support economic numbers.-Thai News Agency
Source: Thai News Agency