Kasikorn Securities expects the SET Index to move within 1,575-1,600 points today, with the market still pressured by escalating Middle East tensions, which have pushed Brent crude oil prices above $95 per barrel and global bond yields to their highest since 2008. Yesterday, the index closed at 1,588.68 points, down 6.48 points or -0.41%, pressured by selling in property and media sectors, but supported by buying in hospitals and energy. Foreign investors turned net buyers of 2,061 million baht after six consecutive days of net selling. Meanwhile, the US ISM manufacturing index fell to 54.6 points, below expectations, and JOLTS also came in below forecasts, reflecting stagflation risks. It is recommended to increase caution and focus on high-dividend stocks. Today's notable stocks are PTTEP and KKP.
PTT Exploration and Production Public Company LimitedRising oil prices above $95 per barrel benefit PTTEP as an oil and gas producer.
