Monday, October 26, 2020

SET falls in reaction to negative foreign news

Sep 22. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index fell by 4.11 points, or 0.32 per cent, to 1,271.05 in the morning session on Tuesday.

An analyst at Krungsri Securities expected the index to fall between 1,265 and 1,270 due to international factors.

"On Monday night, European and US stock indices fell sharply due to news of European countries' second lockdown, several banks' illicit funds flows and delay in the rollout of US economic stimulus measures, resulting in an impact on the SET," he 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 weakening baht, such as DELTA, HANA, KCE and SMT.

The SET Index closed at 1,275.16 on Monday, down 13.23 points or 1.03 per cent. The volume of total transactions was Bt40.18 billion with an index high of 1,295.35 and a low of 1,273.44.

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