The MSCI Global Standard Indexes has announced changes in constituents for MSCI Global Standard Indexes and MSCI Global Small Cap Indexes with additions and deletions for the MSCI Thailand Index as follows;
MSCI Global Standard Indexes added Siam Makro Public Company Limited (SET: MAKRO) to the index and deleted JMT Network Services Public Company Limited (SET: JMT) and Thai Union Group Public Company Limited (SET: TU)
MSCI Global Small Cap Indexes added JMT Network Services Public Company Limited (SET: JMT), Thai Union Group Public Company Limited (SET: TU), Ngern Tid Lor Public Company Limited (SET: TIDLOR), Sappe Public Company Limited (SET: SAPPE) and SISB Public Company Limited (SET: SISB).
No stocks were removed from the MSCI Global Small Cap Indexes at the latest announcement.
Krungsri Capital Securities expects the SET index to be range-bound at 1,560 – 1,580. Suggesting selective buying of domestic plays under the election theme, stocks with strong 1Q23 earnings growth, and stocks included to the MSCI could drive the benchmark index. However, unresolved debt ceiling talks and concerns over the banking sector in the U.S., and softer crude prices with weaker China and U.S. economic indicators could fuel volatility.
