SET faces volatility from sell-offs to mitigate risks from political rally next week
The Stock Exchange of Thailand (SET) Index fell by 0.49 points, or 0.04 per cent, to 1,274.34 in the morning session on Friday.
An analyst at Krungsri Securities expected the index to fluctuate between 1,265 and 1,285 despite the rise in oil price and ongoing progress in the US economic stimulus measures.
"Investors should beware of mass sell-offs of shares to mitigate risks from the political rally next week, as it would pressure the index," he said.
As an investment strategy, he recommended that investors buy:
▪︎ PTTEP, TOP and PTTGC that will benefit from rising oil price.
▪︎ CRC, HMPRO, JMART, COM7, KTC, CENTEL and MINT that will benefit from the government's "Shop Dee Mee Kuen" (Shop and Payback) scheme.
▪︎ TU, PLANB, STGT, COM7, ASIAN and CBG whose third-quarter performance is expected to grow.
The SET Index closed at 1,274 on Thursday, up 11.12 points or 0.88 per cent, while transactions amounted to Bt56 billion in response to the news of US President Donald Trump’s U-turn on stimulus measures and Thailand’s Centre for Economic Situation Administration approving the "Shop Dee Mee Kuen" (Shop and Payback) scheme to stimulate consumer spending.
