Saturday, September 26, 2020

SET falls, investors expected to sell stocks to reduce risks

Sep 16. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index fell by 1.43 points, or 0.11 per cent, to 1,284.75 in the morning session today (September 16).

An analyst at Krungsri Securities expected the index to fluctuate between 1,275 and 1,295 points.

“Although the market gained positive sentiment after the Cabinet approved long-stay visas for foreigners visiting Thailand and a rising oil price, we expect investors to sell stocks to reduce risks following results of a US Federal Open Market Committee meeting [on Thursday] and the [September 19] political rally by students,” the analyst said.

He recommended that investors buy:

> Stocks whose third-quarter performance will improve, such as TU, Asian, Com7, CHG, PTG and PlanB.

> Stocks that benefit from the rising oil price, such as PTTEP, Top and PTTGC.

The SET Index closed at 1,286.18 yesterday, up 13.84 points, or 1.09 per cent. The volume of total transactions was Bt43.86 billion, with an index high of 1,287.04 points and a low of 1,274.62.

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