International factors could guide SET trend next week

By rooster59
June 7, 2020 in Jobs, Economy, Banking, Business, Investments

https://aseannow.com/topic/1167410-international-factors-could-guide-set-trend-next-week/

International factors could guide SET trend next week

By The Nation

The Stock Exchange of Thailand (SET) Index next week (June 8 to 12) is expected to fluctuate between 1,400 and 1,470, a Kasikorn Securities stock analyst said.

He advised investors to follow the consideration of tourism stimulus measures, the Covid-19 situation both domestic and overseas, the US Federal Reserve's meeting on June 9-10, and tensions between US and China.

“For international factors, we advise following US and China’s consumer and producer price indices in May, Japan and the euro-zone’s gross domestic product in the first quarter of this year, and the euro-zone industrial production in April,” the analyst said.

On Friday (June 5), the SET Index closed at 1,435.70, up 6.91 per cent compared to the previous week’s close and the highest in more than three months. The index’s average daily transaction was Bt94.758 billion, up 21.97 per cent compared to the previous week’s close.

The index rose throughout this week on hopes of an economic recovery as several countries gradually resumed their economic activities.

Meanwhile, investors have bought many large-cap stocks, especially bank and energy stocks, while foreign investors returned for net buys in Thai stocks as well.

Source: https://www.nationthailand.com/business/30389162