The Thai stock market closed down 3.44 points awaiting the ECB-BOJ meeting while funds flowed out, but was supported by DELTA after the Fed signaled two more rate hikes this year, causing the dollar to appreciate. As for tomorrow’s trend, we expect the market to swing sideways.
Mr. Natthaphon Kamthakrua, Director of Securities Analysis Department of Yuanta Securities (Thailand), said that the Thai stock market today is stable. Waiting to see the results of the European Central Bank (ECB) meeting tonight, with the market expecting to raise interest rates by 0.25% to 3.5%, including the result of the Bank of Japan meeting. (BOJ) on the night of June 16, which the market expects that the BOJ board will maintain an ultra-accommodative monetary policy at this meeting.
However, DELTA stock, which has risen about 10%, helped to support the market to some extent. after finding outflows of foreign capital Affected by the US Federal Reserve (Fed), signaling two more interest rate hikes this year, causing the dollar to appreciate.
Other stock markets in Asia today alternately moved in positive and negative territory. with the Hong Kong stock market rising prominently In response, the People’s Bank of China lowered the one-year medium-term lending rate (MLF), China’s policy rate, by 0.10 percentage points to 2.65% from 2.75%, in line with market expectations.
Regarding conditions, the Thai stock market closed at 1,557.71 points, a decrease of 3.44 points or a change of -0.22%), trading value of 47,156.32 million baht.
As for tomorrow’s investment trends, the market is expected to swing sideways. Because waiting to see the results of the BOJ meeting, the support is at 1,550 points and the resistance is 1,565 points.
2023-06-15 10:34:00
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