SET rises, but fresh US Covid restrictions cast shadow
The Stock Exchange of Thailand (SET) Index rose by 3.59 points, or 0.26 per cent, to 1,368.18 in the morning session on Thursday.
However, an analyst at Krungsri Securities expected the day’s index to fall in the morning session despite Pfizer saying its coronavirus vaccine is 95 per cent effective and the company would seek a regulatory review within days.
“The US move to impose fresh restrictions to curtail the spread of coronavirus after the number of virus cases increased sharply would pull down the SET to 1,340 points,” he predicted, adding that this is an opportunity to increase investment to speculate for profit when the index hits 1,400 points.
He recommended investors buy BTS, ERW, Ichi and Top, whose third-quarter performance was expected to improve.
The SET Index closed at 1,364.59 on Wednesday, up 14.78 points, or 1.09 per cent. Total transactions amounted to Bt66.93 billion, with an index high of 1,364.64 points and a low of 1,341.46.
