Domestic-Play stocks edged lower in the morning session on July 8, 2021, as the Covid-19 situation in Thailand got worsened with a second-record high confirmed cases of 7,058 and a record high of 75 fatalities.
Airports of Thailand Public Company Limited (AOT) fell ฿0.75/share or 1.21% to ฿61.00/share.
Minor International Public Company Limited (MINT) decreased ฿0.75/share or 2.50% to ฿29.25/share.
Central Retail Corporation Public Company Limited (CRC) dipped ฿0.50/share or 1.47% to ฿33.50/share.
Home Product Center Public Company Limited (HMPRO) slipped ฿0.10/share or 0.68% to ฿14.60/share.
BTS Group Holdings Public Company Limited (BTS) lost ฿0.15/share or 1.63% to ฿9.05/share.
Meanwhile, SET Index plunged 14.84 points or 0.94% to 1,561.76 points, breaking the support level given by Finansia Syrus Securities (FSS) at 1,570 points.
FSS expected the energy sector would continue to pressure the market over falling oil prices from uncertainties of OPEC+ production policy.
In the meantime, the Covid-19 situation in Thailand reflected negative sentiment to the market as confirmed cases continued to spike and could be at risk of a full lockdown next week, which is negative to Domestic Play.
FSS recommended investors to focus on securities that have unique positive factors and the business that have no impact from Covid-19.