Thai Stocks Slowdown: Monitor MPC and Thailand Focus

Prachachat•Economy•1d ago

Reader Briefing

Kingsford Securities predicts a slowdown in the Thai stock market following US tech stocks while recommending accumulation of eight specific stocks.

•Kingsford Securities expects the SET index to slow down in the morning following the direction of US technology stocks.
•The support level is estimated at 1,585-1,595 points and the resistance level at 1,610-1,615 points.
•Domestic factors providing support include expectations that the Monetary Policy Committee will maintain interest rates and the Thailand Focus event.

•Kingsford Securities assesses that the Thai stock market index has a chance to slow down this morning following US technology stocks.
•Kingsford Securities evaluates the support level at 1,585-1,595 points and the resistance level at 1,610-1,615 points.
•Investors are awaiting the results of the meeting at Jackson Hole this Friday evening to monitor US interest rate signals.
•The Thai market is expected to be supported by expectations that the Monetary Policy Committee will maintain interest rates.
•The Thailand Focus event is expected to support investment funds entering Thailand's New S-Curve industries.
•Kingsford Securities recommends a strategy of gradual buying when the index weakens.
•Kingsford Securities suggests accumulating KBANK, BBL, KTB, GULF, GPSC, AMATA, WHA, and STECON.

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Kingsford Securities(บล.คิงส์ฟอร์ด)

A securities firm that evaluates the Thai stock market trend and recommends investment strategies.

Monetary Policy Committee(คณะกรรมการนโยบายการเงิน)

A committee expected to maintain interest rates.

KBANK