2023-07-31 01:47:42
‘Krungsri Securities’ expects Thai stocks to swing today to test the resistance of 1,550-1,560 points in response to expectations that the Fed will stop raising interest rates and crude oil prices soar.
Analysts at Krungsri Capital Securities Public Company Limited revealed the trend of the Thai stock market on the morning of July 31, 2023, expecting the SET Index (SET Index) to rise to a resistance range of 1,550-1,560 points in response to expectations. The Federal Reserve (Fed) will stop raising interest rates. As a result, the US economy tends not to recession, but to a gradual slowdown (Soft Landing).
In addition, crude oil prices rising above $ 80 per barrel will support the index, however, the domestic political uncertainty should be monitored, which may put pressure on investment direction.
for investment strategies Recommend a selective buy. Today’s top stocks are PTTEP TOP, BCP, and SPRC following a soaring crude oil price. KCE HANA, BE8, and BBIK benefit from a rebounding technology stock.
Including SAPPE ICHI CBG INTUCH ADVANC BEM WHA MINT AOT SISB SPA and TKN receive profit growth in the second quarter of 2023
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