Key economic data for June may hold key to SET direction
The Stock Exchange of Thailand (SET) Index next week is expected to fluctuate between 1,300 and 1,365, a stock analyst at Krungsri Securities said.
He said that the index's support line is between 1,320 and 1,300, while the index's resistance line is between 1,350 and 1,365.
"We advise investors to monitor the Centre for Covid-19 Situation Administration's consideration of the fifth phase of lockdown easing, and the Covid-19 situation," he said.
“Among international factors, we advise following tensions between the US and their trading partners, the US, China, Japan, and the euro-zone's Purchasing Managers' Index in manufacturing and services in June, the US nonfarm payrolls and unemployment rate in June, Japan's retail sales and industrial production in May, and the euro-zone's Consumer Price Index in June."
On Friday (June 26), the SET Index closed at 1,330.34, down 2.95 per cent compared to the previous week’s close. The index’s average daily transaction was Bt56.755 billion, down 20.51 per cent compared to the previous week’s close.
Meanwhile, the Market for Alternative Investment (mai) Index closed at 295.96, down 2.08 per cent compared to the previous week’s close.
