Asian Stocks Trade Higher after S&P 500 Continues Reaching Record High

Stocks in Asia traded mostly higher in the early session amid light trading in Wall Street last night where S&P 500 made a four-straight winning session and a record high.

 

As of 9:22 local time in Thailand on June 30, 2021, Nikkei rose 0.02%, SSEC gained 0.21%, ASX 200 increased 0.56%, Kospi hiked 0.33%, while HSI was flat.

Last night, Dow Jones closed 0.02% higher, while Nasdaq gained 0.19% and S&P 500 recorded its fourth winning streak and an all-time high with a gain of 0.19%.

Yesterday, SET Index closed at 1,591.43 points, increased 12.26 points or 0.78% with a trading value of 79 billion baht.

 

Asia Wealth Securities (AWS) expected the SET today to move within a range of 1,570-1,605 points with a chance to be volatile after reflecting positive factors from government aid measures while still lacking new positive factors to support the recovery.

As for the investment strategy, AWS still focused on selective investment, stocks with positive factors supporting investment and Laggard share price are STA, FSMART and ORI, stocks benefiting from the weak baht, AWS chose STA, ASIAN, TU, HANA, KCE, MEGA, EPG and SMPC.

 

Core Investment

1) Laggard Play (Trading within 1 2 months) ADVANC, CPF, KBANK, BBL, MTC, EGCO, SPALI, LH, WHA, BDMS, BEM and BJC

2) Countdown 120 Days Re Opening (Trading within 3 months) BAM, BA, BEM, BDMS, BJC, BTS, CPALL, ERW, CENTEL, CRC, SPA, HMPRO, WHA. AU and M.

3) Stocks expected good performance in 2Q21 (Trading 1 3 months) BCH, CHG, HMPRO, GPSC, BPP, PTTGC, IVL, PTTEP, PTG ,SONIC, KWM, ORI, SPALI, KKP, KBANK and MTC

4) Dividend Play (Middle term trading 6 12 months) LH, QH, ORI, SPALI, ADVANC, KKP, TISCO, STA, STGT, TMT, TVO and STI

5) Long term accumulative stocks (DCA) (Long term trading over 1 year) AOT, BEM, ADVANC, WHA, LH, CPALL, CPF, BDMS, HMPRO, BBL and KTB