Thursday, October 22, 2020

SET remains under pressure amid negative foreign factors

Sep 23. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index fell by 1.02 points, or 0.08 per cent, to 1,266.61 in the morning session today (September 23).

An analyst at Krungsri Securities expected the index to fall between 1,260 and 1,270 points amid a second lockdown in European countries, several banks’ illicit fund flows and a delay in the rollout of US economic stimulus measures, all of which are pressuring the index.

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 1,267.63 yesterday, down 7.53 points, or 0.59 per cent. Total transactions amounted to Bt42.53 billion, with an index high of 1,275.27 points and a low of 1,262.41.

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