Friday, September 17, 2021

business

SET shows optimism amid rise in oil price, hopes of US stimulus measures


The Stock Exchange of Thailand (SET) Index rose by 9.43 points, or 0.61 per cent, to 1,545.87 in the morning session on Monday.

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An analyst at Krungsri Securities predicted the day's index to hit 1,550 points on hopes of US economic stimulus measures and the sharp rise in oil price.

"However, investors should beware of volatility due to the weakening baht and the surge in Covid-19 cases," 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.

▪︎ KBANK, SCB, BBL and BLA, which benefit from rising US bond yield.

The SET Index closed at 1,536.44 on Friday, up 22.66 points or 1.50 per cent. The volume of total transactions was Bt125.08 billion with an index high of 1,538.61 and a low of 1,521.17.

Published : January 11, 2021

By : The Nation