– SET Index closed at 1,569.70 points, decreased 1.29 points or 0.08% with a trading value of 72.5 billion baht. The analyst stated that the Thai stock market dropped in concerns of rising inflation rate in the U.S. Meanwhile, concerns over the Covid-19 situation in Thailand still remained and the positive sentiment of the relief package had already been realized in yesterday’s surge.
The analyst stated that when the index falls to 1,560 points, there could be a rebound due to a buyback, but the market still lacks of catalysts.
In addition, the analyst advised investors to monitor the Fed’s testimony to the U.S. Congress on 14-15 July, expecting SET Index to move in sideways trends with a support level at 1,560 points and a resistance level at 1,580 points.
– A 1.1 billion baht selloff from Foreign Investors and Individuals resulted in a drop by 1.29 points in SET Index.