Saturday, November 28, 2020

SET falls but expected to take a cue from special Parliament session

Oct 26. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index fell by 3.07 points, or 0.25 per cent, to 1,210.54 in the morning session on Monday.

An analyst at Krungsri Securities expected the index to fluctuate between 1,205 and 1,220 due to uncertainty over rising Covid-19 cases in US, the rollout of US economic stimulus measures and falling oil price.

However, he said the index would rebound from Thailand Parliament's extraordinary session to ease political tensions.

As an investment strategy, he recommended that investors buy TU, STGT, STA, CBG, SCC, IVL, COM7, SYNEX, ASIAN, DELTA, HANA, SVI and TVO, whose third-quarter performance is expected to improve.

The SET Index closed at 1,213.61 on Thursday, down 2.87 points or 0.24 per cent, while transactions amounted to Bt66 billion with an index high of 1,223.48 and a low of 1,204.73. The index was closed on Friday for Chulalongkorn Memorial Day.

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