Monday, June 14, 2021

business

Decline in foreign funds inflows to pressure SET Index


The Stock Exchange of Thailand (SET) Index fell by 1.24 points, or 0.08 per cent, to 1,535.25 in the morning session on Tuesday.

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An analyst at Krungsri Securities expected the index to fall to between 1,525 and 1,530 points due to uncertainty over the rollout of US economic stimulus measures amid political turmoil and China's move to lock down Hebei province after 103 Covid-19 cases were found.

"Besides, the decline in foreign funds flow would pressure the index," he said.

He recommended that investors buy:

▪︎ 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.

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

The SET Index closed at 1,536.49 on Monday, up 0.05 points. Total transactions amounted to Bt93.80 billion with an index high of 1,550.75 and a low of 1,527.75.

Published : January 12, 2021

By : The Nation