SET rises despite worries over economic slowdown due to lockdowns in Europe
The Stock Exchange of Thailand (SET) Index rose by 1.16 points, or 0.10 per cent, to 1,202.80 in the morning session on Friday.
An analyst at Krungsri Securities expected the day's index to fluctuate between 1,195 and 1,210 amid uncertainty over an economic slowdown after Germany and France imposed lockdown measures to contain the spread of Covid-19, which is pressuring the index.
"This negative sentiment has caused the oil price to drop as well," he said, adding that the index would rebound from mass buy-ups in shares whose third-quarter performance is expected to improve.
He recommended that investors buy TU, STGT, STA, CBG, IVL, COM7, SYNEX, ASIAN, HANA, SVI and TVO, whose third-quarter performance is expected to improve.
The SET Index closed at 1,201 on Thursday, down 6.30 points or 0.52 per cent, while total transactions amounted to Bt50 billion due to uncertainty over an economic slowdown after Germany and France imposed lockdown measures and Thailand's political unrest.
