SET comes under pressure from Covid-19 situation in Thailand and Britain
The Stock Exchange of Thailand (SET) Index fell by 7.33 points, or 0.52 per cent, to 1,394.45 in the morning session on Tuesday.
An analyst at Krungsri Securities expected the index on Tuesday to fall to 1,390 points due to the Covid-19 situation in Thailand and Britain, resulting in negative sentiment for the economy and investor confidence.
"Besides, the index would be under pressure from falling oil price," he said.
He recommended that investors buy:
▪︎ Defensive stocks, such as INTUCH and ADVANC.
▪︎ TQM, BLA, STGT, AJ and PTL, which benefit from the Covid-19 outbreak.
The SET Index closed at 1,401.78 on Monday, down 80.6 points, or 5.44 per cent. Total transactions amounted to Bt129.43 billion with an index high of 1,453.88 and a low of 1,401.58.
