Thai stock market movements in the morning as of June 6, 2024 at 10:45 AM. Electronic stocks rose across the board. After receiving support from American technology stocks, especially NVIDA shares, which closed with an increase of more than 5%, its market value exceeded $3 trillion, surpassing Apple to become No. 2 in the world.
Through the range of electronic components that are becoming more popular today.
1. Next Point Public Company Limited or NEX price increased by 5.97% or the price increased by 0.16 baht or the price level reached 2.84 baht.
2. Hana Microelectronics Public Limited, or HANA, increased. It increased by 5.06% or the price increased by 2.00 baht or the price reached 41.50 baht.
3. KCE Electronics Public Company Limited or KCE rose 4.38% or the price increased by 1.75 baht or the price level reached 41.75 baht.
4.Delta Electronics (Thailand) Public Company Limited or DELTA rose by 4.14% or the price increased by 3.00 baht or the price level reached 75.50 baht.
5.Stars Microelectronics (Thailand) Public Company Limited or SMT rose by 3.01% or price increased by 0.08 baht or price level at 2.74 baht.
6. Cal-Comp PCL. The price of Electronics (Thailand) or CCET increased by 1.69% or the price increased by 0.06 baht or the price level reached 3.62 baht.
7. Team Precision Public Company Limited or TEAM price increased by 1.48% or the price increased by 0.06 baht or the price level reached 4.12 baht.
Kornvat Worachit, Director of Research and Investment Services at Krungsri Securities, provided information to Krungthep Turakij that shares in the electronic components group rose today (June 6, 2024). The main picture is a decline in US bond yields including a labor market that has been reported to be gradually weakening on an ongoing basis. Meanwhile, the G7 interest rate cycle was started yesterday (June 5, 2024) by Canada. Be the first to cut interest rates Today the European Central Bank has the opportunity to cut interest rates. It is considered a supportive factor for high-growth stocks.
In the mentioned industry group, there has been increasing growth. Yesterday, US technology stocks, led by NVIDIA, showed signs of ASML's inclination to send production of new generation chipsets during this year. This makes the market expect that the level of chip development will be raised to a higher level.
In our side of the country in addition to the above factors, the electronic parts assembly will be supported. South Korea and Taiwan's exports will bring the group into another round of growth voting. Therefore, sooner or later this group of stocks will be the new recycling stocks.
The outstanding stock in this group is KCE stock, which is one of the best stocks, while HANA stock can be traded for speculation. Let investors look at the resistance level at 42.50 baht, if it passes, it will be at 45 baht. Support level is at 41 baht, if it breaks 40 baht.
As for KCE, the resistance level is at 42.50 baht, and if it crosses the next level at 43.50 baht, the support level is 41 baht, dropping below 40 baht, giving a Stoploss as well.
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