SET extends gains, ending 3 days of losses
The Stock Exchange of Thailand (SET) Index rose by 2.67 points, or 0.18 per cent, to 1,525.26 in the morning session on Wednesday.
An analyst at Krungsri Securities predicted the index would fluctuate between 1,515 and 1,535 points amid hopes of a fresh $1.9-trillion US economic stimulus package and mass buy-ups of shares whose fourth-quarter turnover is expected to improve.
“However, the SET would be under pressure due to its tight valuation and the decline in foreign fund inflows,” he said.
He recommended investors buy:
> PTTGC, TOP, IVL, EPG, SCGP, CBG, Rojna, TVO, STGT, CPF, RCL, PSL, SYNEX, Com7, XO, Wice, JMT, MTC, Sawad and KTC, all of whose fourth-quarter turnover is expected to improve.
> ADVANC, INTUCH, AP, Siri and WHAUP, which pay high dividends.
The SET Index closed at 1,522.59 on Tuesday, up 12.46 points, or 0.82 per cent. Total transactions amounted to Bt87.64 billion, with an index high of 1,529.17 points and a low of 1,518.66. The index snapped a three-day run of losses that began last week on Thursday.
