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Monday, April 29, 2024

Thai stocks opened up 2.67 points, worried about the Fed accelerating.

The SET rebounded this morning, opening up 2.67 points, expected to be in the range of 1,600-1,625, on concerns about the Fed accelerating interest rates to curb inflation.

Investment atmosphere in the Thai stock market this morning (March 9), opened at 10:00 a.m., the index rose 2.67 points, touching 1,615.27 points, with a trading value of 1,186.00 million baht.

Krungsri Securities analysts estimate the SET to fluctuate between 1,600 and 1,625 points, on concerns that the FED will accelerate interest rates to curb inflation after US private employment numbers rose by 242,000 in February, resulting in a 10-year US Bond yield. and the USD rose which is negative for investment direction. However, individual positive buying pressure and technical oversold buying pressure will help the index rebound up.

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