Finansia Syrus Securities (FSS) expected SET Index to move in sideways to sideways-down trends with a support level at 1,570 points. Meanwhile, WTI oil price maintained at US$75 per barrel after the OPEC+ meeting extended to Monday as UAE disagreed with the two million barrels production increase, expecting higher output.
The U.S. non-farm payroll in June increased more than 850,000 job, but has little impact on the Asian markets. FSS expected the U.S. Fed to continue easing its policy rate, including the QE in 4Q21.
In addition, the Covid-19 situation continued to pressured Domestic Play in Thailand to have limited recovery, while advising investors to focus on stocks that have individual catalysts, limited impact from lockdown restrictions and strong 2Q/3Q21 result outlooks, which are medical, logistics, technology, electronics and auto parts stocks.