– SET Index closed at 1,593.75 points, increased 5.96 points or 0.38% with a trading value of 81.3 billion baht. The analyst stated that hopes of reopening with a pioneer project of the Phuket Sandbox resulted in the Thai stock market to outperform other Asian markets in today’s trading session that traded lower due to the slowdown of Chinese factory activity growth in June.
Nevertheless, the analyst recommended investors to monitor the Covid-19 situation in Thailand after the daily death toll just hit a new high yesterday, while keeping an eye on the progress of Phuket Sandbox.
Moreover, the OPEC meeting is scheduled to hold later today, which could end up in a production increase by 0.5-1.0 million barrels per day in Aug.
In addition, the analyst expected the Thai stock market to continue the positive momentum but with a limited upside, giving tomorrow’s movement range between 1,580-1,600 points.
– A combined 1.8 billion baht of buying pressure from Local Institutions, Proprietary Trading and Foreign Investors lifted SET Index up by 6 points on the opening day of 2H21.