SET shows slight rise before bourses close for the holidays
The easing of the trade war is positive for the SET though the long holiday will result in the market becoming quiet, say analysts.
Easing of trade tension between the United States and China as well as rising crude oil prices have improved sentiment on Thai stocks, according to Tisco Market Insight report.
The Stock Exchange of Thailand Index rose slightly by 0.65 point to close at 1,573.57 on Monday (December 23).
The SET Index will hover around the 1,580-90 barrier but find it hard to pass over it, Tisco analysts said today (December24).
They suggest fundamental stocks such as BBL which is expected to make profits worth of Bt 4 billion in the final quarter of this year.
Stocks benefitting l from trade tension and rebound of oil prices include HANA, PTTEP, PTTGC, SCC and IRPC. High liquidity stocks targeted by Long-term Equity Fund (LTF) and Retirement Mutual Fund (RMF) are AOT, BDMS, BJC, CPALL,PTT, KBANK, SCB and VGI. They also suggested to look for investment opportunities in ADVANC, INTUCH, AP, QH, LH, BBL, KKP, SCB, MAJOR, SCC, TTW, TVO, as these stock prices could rise in the first quarter of next year.
