Monday, November 30, 2020

SET rises on progress of US economic stimulus talks

Oct 21. 2020
Facebook Twitter

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 6.79 points, or 0.56 per cent, to 1,217.46 in the morning session on Wednesday.

An analyst at Krungsri Securities expected the index to fluctuate between 1,200 and 1,220 points despite news that Democrats and the White House could reach an agreement on a fresh dose of economic stimulus measures by the end of this week.

“Uncertainty amid Thailand’s political unrest, weak third-quarter performance by banks and foreign fund flows would pressure the index,” the analyst said.

He recommended investors buy shares of:

> PTTGC, IVL and Top that benefit from the rising oil price.

- TU, STGT, CBG, SCC, IVL, Com7, Asian, Delta and Hana, whose third-quarter performance is expected to grow.

The SET Index closed at 1,210.67 on Tuesday, up 1.92 points, or 0.16 per cent. Total transactions amounted to Bt59 billion, with an index high of 1,219.16 points and a low of 1,202.03.

Facebook Twitter
More in Business
Editor’s Picks
Top News