Worries over political unrest, rising global Covid-19 cases cast shadow on SET
The Stock Exchange of Thailand (SET) Index rose by 1.03 points, or 0.08 per cent, to 1,350.84 in the morning session on Wednesday.
An analyst at Krungsri Securities expected the day’s index to fall to 1,340 points due to lack of positive sentiment.
“Uncertainty over political unrest in Thailand, rising Covid-19 cases worldwide and signs of overbought stocks would pressure the index,” he said.
He recommended investors buy:
> Mint, Centel, AOT, IVL, PTTGC and Top, which would benefit from positive news of a Covid-19 vaccine.
> Sawad, which made a joint investment with Government Savings Bank to operate the auto title loan business.
> Amata, WHA, SAT, AH and RCL, which would benefit from the Asia-Pacific Regional Comprehensive Economic Partnership pact.
The SET Index closed at 1,349.81 on Tuesday, down 1.25 points, or 0.09 per cent. The volume of total transactions was Bt90 billion, with an index high of 1,365.91 points and a low of 1,344.55.
