SET slides on opposition to US stimulus plan in Senate
The Stock Exchange of Thailand (SET) Index fell by 0.97 points, or 0.06 per cent, to 1,496.91 in the morning session on Monday.
An analyst at Krungsri Securities predicted the SET to fall to between 1,485 and 1,490 due to the news of the US Senate's move to oppose a fresh economic stimulus plan, together with falling oil price due to increase in US oil storage.
Besides, the decline in foreign funds flow would pressure the index, he said.
He recommended that investors buy:
▪︎ PTTGC, TOP, IVL, EPG, VNT, SCGP, CBG, ROJNA, TVO, STGT, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, MTC, SAWAD and KCE whose fourth-quarter turnover is expected to improve.
▪︎ ADVANC, INTUCH, AP, SIRI and WHAUP, which pay high dividends.
The SET Index closed at 1,497.88 on Friday, down 15.63 points or 1.03 per cent. Total transactions amounted to Bt96.69 billion with an index high of 1,518.05 and a low of 1,494.45.
