By The Nation
An analyst at Krungsri Securities expected the index to fluctuate between 1,240 and 1,255 despite the rise in other regional stock markets.
"Domestic political unrest after Parliament passed a resolution to establish a committee to study amendments to the Constitution, as well as foreign funds continuing to flow out from the market would pressure the index," 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 will benefit from the weakening baht, such as DELTA, HANA, KCE and SMT.
▪︎Stocks that will benefit from the rising Baltic Dry Index, such as TTA and PSL.
The SET Index on Thursday fell sharply by 16.55 points, or 1.31 per cent, closing at 1,247. Total transactions amounted to Bt56 billion due to uncertainty over the delay in rollout of US economic stimulus measures and the second Covid-19 wave in European countries.