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SET falls amid worries over new pro-democracy protest

Nov 27. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index fell by 2.76 points, or 0.19 per cent, to 1,430.80 in the morning session on Friday.

An analyst at Krungsri Securities expected the day's index to fluctuate between 1,425 and 1,445 amid hopes of foreign funds inflows.

"However SET's tight valuation and signs of overbought stocks, together with uncertainty over pro-democracy protesters' anti-government rally on Friday would pressure the index," he said.

He recommended that investors buy:

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

▪︎ MINT, CENTEL and AOT that benefit from the ongoing Covid-19 vaccine development.

The SET Index closed at 1,433 on Thursday, up 17.84 points or 1.26 per cent, with total transactions amounting to Bt80 billion, due to rising oil price and foreign investors' mass buy-ups of energy, electronics and tourism shares.

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