Sun, October 17, 2021

business

SET edges up on improved sentiment but volatility in store


The Stock Exchange of Thailand (SET) Index rose by 2.92 points, or 0.19 per cent, to 1,509.57 in the morning session on Wednesday.

An analyst at Krungsri Securities forecast the day's index to fluctuate between 1,490 and 1,520 amid rising oil price and Thailand's partial lockdown, resulting in positive sentiment for investment.

"However, investors should beware of market volatility after the SET imposed cash balance regulations on Delta Electronics shares," 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 freight rate.

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

The SET Index closed at 1,506.65 on Tuesday, up 38.41 points or 2.62 per cent, while total transactions stood at Bt115.29 billion with an index high of 1,506.66 and a low of 1,466.05.

Published : January 06, 2021

By : The Nation