Kasikorn Securities estimates the SET Index today will move in a range of 1,590-1,620 points amid pressure from Brent crude oil prices surging 3.6% and the 10-year US Bond Yield climbing to 5.198%, or an increase of 8.4 basis points, reflecting concerns that inflation may remain high and force the Fed to keep monetary policy tight for longer. Earlier, the SET Index closed at 1,602.58 points, down 8.12 points, or 0.50%, with foreign investors continuing to sell Thai stocks on a net basis for a third consecutive day, another 661 million baht. However, there are still positive signals from negotiations between the United States and Iran, with Iran sending conditions through Qatar, as well as the United States and China agreeing to extend their trade truce by another two months to January 10, 2570, and preparing to discuss AI Safety in Shenzhen within two months. Domestically, the market is watching Thailand's August export figures, which the consensus expects to grow about 24.8% year-on-year after July's expansion of 21.6% and a value of 34.79 billion US dollars. The investment strategy focuses on gradually accumulating stocks with strong fundamentals, with today's standout picks being DELTA and CK.
CH. Karnchang PCL10-year US bond yield climbing to 5.198% on inflation concerns and expectations the Fed keeps policy tight for longer.
