Friday, September 17, 2021

business

SET expected to gain from funds inflows and partial lockdown


The Stock Exchange of Thailand (SET) Index rose by 9.44 points, or 0.64 per cent, to 1,477.68 in the morning session on Tuesday.

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An analyst at Krungsri Securities expected the day's index to fluctuate between 1,460 and 1,480 amid uncertainty over the coronavirus mutation and US President-elect Joe Biden's measure to increase the tax rate.

"However, the inflow of funds and the Thai government's zoning lockdown would help boost the SET," he said.

He recommended that investors buy:

▪︎ PTTEP, PTTGC, TOP and IVL, which benefit from rising oil price and improved fourth-quarter performance.

▪︎ PSL, TTA and RCL, which would benefit from the rise in the Baltic Dry Index.

▪︎ TQM, BLA, STGT, AJ, PTL, SYNEX and COM7, which benefit from the Covid-19 outbreak.

The SET Index closed at 1,468.24 on Monday, up 18.89 points or 1.30 per cent. Total transactions amounted to Bt89.20 billion with an index high of 1,468.27 and a low of 1,425.48.

Published : January 05, 2021

By : The Nation