Conditions emerge for SET Index to move up
Stock analysts at various securities companies see room for gain for the Stock Exchange of Thailand (SET) Index on Monday (May 11).
They said that the market would gain from the proposed easing of lockdown measures in Thailand, recovery in economic activities, outstanding loans, retail and power plant companies performance, the improving Covid-19 situation in Thailand, rising oil price and central banks' move to ease monetary policy.
However, the market would be under pressure from renewal of the US-China trade war, worries over companies' first quarter performance, Morgan Stanley Capital International's move to add or remove stocks in calculation, and the increasing unemployment rate.
A stock analyst at SCB Securities expected the index to move between 1,245 and 1,300, advising investors to buy GPSC at Bt95.00 per share, BBL at Bt135.00 per share and BTSGIF at Bt8.50 per share.
A stock analyst at Bualuang Securities expected the index to move between 1,250 and 1,280, advising investors to buy SAWAD at Bt55.00 per share, PLANB at Bt5.50 per share and BTS at Bt12.00 per share.
A Tisco Securities stock analyst expected the index to move between 1,250 and 1,280, advising investors to buy AWC at Bt5.50 per share and KTC at Bt36.75 per share.
