SET Index up, but all eyes on key Covid-19 meeting
The Stock Exchange of Thailand (SET) Index rose by 1.91 points, or 0.13 per cent, to 1,417.93 in the morning session on Thursday.
An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,410 and 1,430 points amid hopes over an European Union-Britain trade deal, a US economic stimulus package and the rising oil price.
“However, we advise investors to keep an eye on the Centre for Covid-19 Situation Administration’s meeting today because the index would come under pressure if the centre imposes lockdown measures to contain the spread of Covid-19,” he said.
He recommended investors buy:
> Defensive stocks, such as Intuch and Advanc.
> TQM, BLA, STGT, AJ, PTL, Synex and Com7, which stand to benefit from the Covid-19 situation.
> PTTEP, PTTGC, Top and IVL, which benefit from a rising oil price, while their fourth-quarter performance is expected to improve.
The SET Index closed at 1,416.02 on Wednesday, down 8.37 points or 0.59 per cent. Total transactions amounted to Bt89.55 billion, with an index high of 1,440.52 points and a low of 1,414.21.
