FRIDAY, March 29, 2024
nationthailand

SET nervous ahead of ruling by court in case against Prayut

SET nervous ahead of ruling by court in case against Prayut

The Stock Exchange of Thailand (SET) Index fell by 7.36 points, or 0.51 per cent, to 1,430.42 in the morning session on Monday.

An analyst at Krungsri Securities expected the day's index to fluctuate between 1,425 and 1,450, as he expected investors to slow down investment to follow the Opec+ meeting on November 30 - December 1 and the Constitutional Court's verdict in a case against Prime Minister General Prayut Chan-o-cha on December 2. Prayut is accused of continuing in his Army residence even after retirement.

"Besides, the MSCI's move to rebalance its portfolio on Monday would cause volatility in the index," he said.

He recommended that investors buy:

▪︎ DELTA, STGT, BPP, ICHI, IRPC, JMART, M, RBF, TFG, TISCO and VGI that will be listed in the MSCI indices.

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

The SET Index closed at 1,437.78 on Friday, up 4.22 points or 0.29 per cent. Total transactions amounted to Bt77 billion with an index high of 1,444.53 and a low of 1,429.43.

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