SET remains under pressure from domestic political unrest
The Stock Exchange of Thailand (SET) Index fell by 0.29 points, or 0.02 per cent, to 1,242.67 in the morning session on Friday.
An analyst at Krungsri Securities expected the index to fall to between 1,230 and 1,235 due to domestic political unrest, which would be prolonged.
"Also, many European countries' move to reimpose lockdown measures to prevent a second Covid-19 wave and the rise in US unemployment figures would pressure the market," he said.
As an investment strategy, he recommended that investors buy:
▪︎ PTTGC, IVL and TOP that will benefit from the rising oil price.
▪︎ TU, STGT, CBG, SCC, IVL, COM7, ASIAN, DELTA and HANA whose third-quarter performance is expected to improve.
The SET Index closed at 1,243 on Thursday, down 21.03 points or 1.66 per cent. Total transactions amounted to Bt54 billion amid escalating political turmoil in Thailand and a standoff in the US over economic stimulus measures.
