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Today's Report

  • Sawasdee – July 3, 2020

    The SET is expected to move sideways today as institutional investor buying will slow, with many investors cutting back on holdings ahead of a long weekend

    Market outlook & strategy
    The SET is expected to move sideways at 1,360-1,384 and upside is seen to be limited at resistances of 1,384 and 1,400. Institutional buying will simmer down as signaled by a net short in SET50 index futures yesterday (could be to close long positions). US stock markets will be closed on Friday ahead of the July 4 holiday and DJIA-F is moving narrowly, lessening influence from foreign stock markets. Investors are likely to downsize portfolios today ahead of a long weekend (the market is closed on Monday), leading the market down at the end of the day. We recommend investors accumulate stocks at 1,280-1,300-1,320. Investors are recommended to hold. Traders should always set cut-loss.
     
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    Industry analysis
    Bank – 2Q20 preview: Lower NIM, higher provisions
     
     
     

Blog

Morning Voice - July 3, 2020

Word focus

Dividend yield The dividend yield is the total yearly payments divided by the principal value of the preferred share