SET rises, but hampered by lack of positive sentiment
The Stock Exchange of Thailand (SET) Index rose by 2.78 points, or 0.21 per cent, to 1,329.83 in the morning session on Monday (August 17).
However, a stock analyst at Krungsri Securities expected the index to fall to 1,320 due to lack of positive sentiments to boost investment.
"Besides, the index would be under pressure from uncertainty over the $1-trillion US economic stimulus package and postponement of US-China trade talks last week," he said.
The SET Index closed at 1,327.05 on Friday (August 14), down 19.64 points or 1.46 per cent. Total transactions amounted to Bt58.050 billion with an index high of 1,347.63 and a low of 1,324.97.
He recommended that investors buy:
▪︎Energy stocks that benefit from rising crude oil price, such as PTTEP, PTTGC, TOP and IVL.
▪︎ Retail stocks that benefit from the Centre for Covid-19 Situation Administration's sixth phase of lockdown easing, such as CRC, CPN HMPRO, GLOBAL, COM7 and DOHOME.
