SET Index Forecast Aug 6: 1,590 – 1,620 Points

Prachachat•Economy•19d ago

Reader Briefing

Pi Securities forecasts the SET Index to trade between 1,590 and 1,620 points on August 6 amid a lack of positive factors.

•Pi Securities expects the SET Index range of 1,590 – 1,620 points on August 6.
•Foreign investors have started selling up to 6 billion.
•The Thai Ministry of Commerce reported July inflation at +1.9% YoY.
•US government bond yields have declined following lower-than-expected US private employment and services PMI data.

•Pi Securities assesses the SET Index for August 6 with a range of 1,590 – 1,620 points.
•Pi Securities notes a lack of positive factors and foreign selling of up to 6 billion, creating a possibility of entering a base-building phase.
•Gold prices increased by 4%, the strongest rise in 7 months, as investors seek assets benefiting from lower US bond yields.
•US private sector employment and services PMI figures were reported lower than analysts' expectations.
•The Ministry of Commerce reported July inflation at +1.9% YoY, which was accelerated by high oil prices and broadly increasing processed food prices.
•Market participants are awaiting US jobless claims data tonight and US employment and inflation figures next week to determine interest rate directions.
•Investment strategies focus on Anti Oil themes including power plants (BGRIM, GPSC, GULF), retail (CPN, CPALL, HMPRO), finance (MTC, SAWAD, TIDLOR), real estate (AP, SPALI), tourism (MINT, CENTEL), and health (BCH, BH).

Full article content is available on the original source.

Pi Securities(บล.พาย)

A securities firm providing market assessments for the SET Index.

Ministry of Commerce(กระทรวงพาณิชย์)ℹ️

The government body that reported July inflation figures.

BGRIM

A company in the power plant sector recommended under the Anti Oil theme.

A company in the power plant sector recommended under the Anti Oil theme.

GULF

A company in the power plant sector recommended under the Anti Oil theme.

CPN

A retail sector company recommended under the Anti Oil theme.

CPALL

A retail sector company recommended under the Anti Oil theme.

HMPRO

A retail sector company recommended under the Anti Oil theme.

MTC

A finance sector company recommended under the Anti Oil theme.

SAWAD

A finance sector company recommended under the Anti Oil theme.

TIDLOR

A finance sector company recommended under the Anti Oil theme.

A real estate company recommended under the Anti Oil theme.

SPALI

A real estate company recommended under the Anti Oil theme.

MINT

A tourism sector company recommended under the Anti Oil theme.

CENTEL

A tourism sector company recommended under the Anti Oil theme.

BCH

A health sector company recommended under the Anti Oil theme.

United States(สหรัฐ)ℹ️

The country whose employment, PMI, and inflation data are affecting global bond yields and markets.