SET rises despite lack of positive sentiment
The Stock Exchange of Thailand (SET) Index rose by 4.17 points, or 0.32 per cent, to 1,325.08 in morning session on Tuesday (August 18).
A stock analyst at Krungsri Securities expected the index to fluctuate between 1,315 and 1,330 due to lack of positive sentiment to boost investment after listed companies had announced their second-quarter performance.
"Besides, we expect investors to delay trading to follow the US Federal Reserve's meeting on Thursday to monitor interest-rate signals in the future, resulting in volatility in the index," he said.
The SET Index closed at 1,320.91 on Monday, down 6.14 points or 0.46 per cent. Total transactions amounted to Bt47.812 billion with an index high of 1,331.80 and a low of 1,315.89.
He recommended that investors buy:
▪︎Stocks that benefit from rising crude oil price, such as PTTEP, PTTGC, TOP and IVL.
▪︎Stocks that benefit from lockdown easing and progress in Covid-19 vaccine development, such as CRC, CPN, HMPRO, GLOBAL, COM7, DOHOME, AOT, MINT, CENTEL and ERW
