SET falls despite odds favouring Biden to win US presidential election
The Stock Exchange of Thailand (SET) Index dropped by 1.33 points, or 0.11 per cent, to 1,262.99 in the morning session on Friday.
An analyst at Krungsri Securities expected the day's index to fluctuate between 1,255 and 1,270 despite strong prospects of former vice president Joe Biden being elected president.
"Uncertainty over pro-democracy protesters' move to hold anti-government rallies this weekend and rising US Covid-19 cases would cause volatility in the index," he said.
He recommended that investors buy STGT, STA, CBG, IVL, EPG, AP, COM7, SYNEX, ASIAN, HANA, SVI and TVO, whose third-quarter performances are expected to improve.
The SET Index closed at 1,264 on Thursday, up 41.88 points or 3.43 per cent with total transactions amounting to Bt81 billion amid hopes of Biden winning the US presidential election, as it will be a positive sentiment for trade relations and the rollout of economic stimulus measures.
