SET sluggish due to lack of positive sentiment
The Stock Exchange of Thailand (SET) Index rose by 3.67 points, or 0.28 per cent, to 1,302.93 in the morning session on Monday (August 24).
A stock analyst at Krungsri Securities expected the index to fluctuate between 1,290 and 1,310 due to lack of positive sentiments.
"Besides, investors would delay trading to follow the US Federal Reserve's forecast on economic and monetary policy direction, while the index would be under pressure from the domestic political situation," he said.
He recommended that investors buy:
▪︎Stocks that benefit from the weakening baht, such as CPF, GFPT, TU, KCE, HANA and DELTA.
▪︎Domestic and defensive play stocks, such as ADVANC, INTUCH, HMPRO, GLOBAL, DOHOME, COM7, CRC, JMT and CHG.
The SET Index closed at 1,299.26 on Friday, up 2.47 points or 0.19 per cent. Total transactions amounted to Bt42.295 billion with an index high of 1,307.64 and a low of 1,296.68.
