SET falls in opening trade, expected to fluctuate
The Stock Exchange of Thailand (SET) Index fell by 0.78 points, or 0.05 per cent, to 1,546.53 in the morning session on Thursday.
An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,535 and 1,560 points as investors keep an eye on US President-elect Joe Biden’s economic stimulus proposals, the US political situation after the House of Representatives impeached President Donald Trump and banks’ 2020 turnover results set to be announced.
“Besides, the decline in foreign fund flows would cause index volatility,” he said.
He recommended investors buy:
> Shares related to green energy and electric vehicles, such as EA, GPSC and KCE.
> PTTEP, PTTGC, Top and IVL, which benefit from a rising oil price and improved fourth-quarter performance.
> PSL, TTA and RCL, which would benefit from a rise in the freight rate.
The SET Index closed at 1,547.31 on Wednesday, up 7.46 points, or 0.48 per cent. Total transactions amounted to Bt106.7 billion, with an index high of 1,561.66 points and a low of 1,542.42.
