Kasikorn Thai expects SET today in a 1,610-1,630 range, Brent crude breaks above $100

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โดย Business Today·TH·Read original
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Kasikorn Securities estimates the SET Index will move in a range of 1,610 to 1,630 points today, with the main pressure coming from the Middle East situation, after Brent crude oil prices surged above $100 per barrel for the first time since July, driven by escalating conflict between the United States and Iran and risks to shipping through the Strait of Hormuz. Meanwhile, the yield on 10-year US government bonds rose to 4.84%, the highest since 2023, after the government announced a plan to buy back long-term bonds worth up to 6 billion dollars, which was lower than the market expected. Yesterday, the SET Index closed at 1,617.89 points, down 4.00 points, or 0.25%, with foreign investors net buying Thai shares worth 3,136 million baht. Short-term strategy still focuses on waiting for pullbacks to accumulate stocks with strong earnings prospects, with today's standout picks being PTTEP and EASTW.

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