FRIDAY, March 29, 2024
nationthailand

SET soars over 1,400 points, powered by foreign funds inflows

SET soars over 1,400 points, powered by foreign funds inflows

The Stock Exchange of Thailand (SET) Index rose by 10.93 points, or 0.79 per cent, to 1,400.27 in the morning session on Monday.

An analyst at Krungsri Securities expected the day's index to rise to between 1,380 and 1,400 from foreign funds inflows after they made net-buys in Thai stocks of Bt5.7 billion last week.

"However, the index would be at risk of dropping sharply as it has risen by over 200 points within three weeks and its price to earnings ratio has risen by 2.3 standard deviation compared to the average value in the previous three years," he said.

He recommended that investors buy:

▪︎ KTB, LH, SIRI and SPRC that benefit from the ongoing Covid-19 vaccine development.

▪︎ AMATA, WHA, SAT, AH, and RCL that will benefit from the Regional Comprehensive Economic Partnership pact.

The SET Index closed at 1,389.34 on Friday, up 19.92 points or 1.45 per cent. Total transactions amounted to Bt90.57 billion with an index high of 1,390.37 and a low of 1,368.20.

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