Thai stocks in the morning closed up 1.15 points, supported by big cap buybacks, following the results of the MPC meeting.

Thai stocks in the morning on February 7 closed at 1,398.11 points, up 1.15 points, swinging in a narrow range, waiting. What signal will the MPC send this afternoon? There is still strong buying back of large stocks and stocks supported by specific positive factors. In the afternoon, analysts expected that MPC signals interest rate cuts may help push the market further, knocking out 4 outstanding stocks

The Stock Exchange of Thailand (SET) index closed this morning, February 7, at 1,398.11 points, an increase of 1.15 points (+0.08%), trading value 23,459 million baht.

Miss Chutikarn Santimethvirun Senior Manager, Securities Analysis Department, Phillip Securities (Thailand) Said that the Thai stock market fluctuated narrowly in the morning and was still unable to hold above 1,400 points as investors waited for the direction of interest rates from the Monetary Policy Committee (MPC) to see whether they would see a change in policy or a reduction in interest rates for the rest of this year. or not after inflation continued to slow down This afternoon the results of the meeting will be known. Including views on the Thai economy and interest rates this afternoon.

However, there is still strong buying back of large stocks. including travel stocks, spending stocks, and stocks that have unique positive factors. Come in and support the market to swing in positive territory.

Afternoon trend Phillip Securities mainly waits for the signal from the MPC. If there is a slight positive signal, it should cause the market to continue going up. But if no signal comes out, you may see some selling pressure to take profits. They also follow the progress of the digital wallet project, which will have a report from the National Anti-Corruption Commission (NACC) coming out in the afternoon as well.

Give support at 1,380-1,385 points and resistance at 1,400. If it can stand, look for next resistance at 1,410-1,420 points.

For investment strategies this afternoon Analysts highlight 4 outstanding stocks

Kingsford Securities

• • SIRI recommends "speculative buying" as the price level stays above the 200-day EMA. Volume has accumulated while indicators are in the positive zone. Consider Trading Buy, place support at 1.79 baht, place resistance to take profit at 1.88-1.92. baht. If the price moves below 1.75 baht, Stop-Loss is recommended.
  • PTG recommends "speculative buying" as the price level swings up from the support level with the short-term EMA moving average. Volume has accumulated while indicators are in good condition. Consider Trading Buy, place support at 9.20 baht, place resistance to make profit. In the area of ​​9.85-10.00 baht, if the price moves below 9.05 baht, Stop-Loss is recommended.

ASL Securities

• • CRC Support 32.00-33.00 baht Resistance 34.00-35.00 baht Cut loss 32.00 baht
  • PTTGC Support 34.00-34.75 baht, Resistance 35.75-36.75 baht, Cut loss 34.00 baht.

Innovation Exchange Securities

• • CRC support level 33.25 baht, resistance level 35.75 baht, cut loss 32.00 baht.