SET reacts to hurdles in US economic stimulus package
The Stock Exchange of Thailand (SET) Index fell by 5.00 points, or 0.33 per cent, to 1,496.62 in the morning session on Tuesday.
The SET is expected to fall to between 1,490 and 1,495 due to uncertainty over the delay in the rollout of the US economic stimulus package after trouble in the Congress, and slowdown in economic recovery amid several countries' lockdowns, said Krungsri Securities' analyst.
He added that the decline in foreign funds flow and rising number of Covid-19 cases in Thailand would affect investment direction.
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.
▪︎ CBG, ICHI, OSP and RBF, which benefit from news about hemp.
The SET Index closed at 1,501.62 on Monday, up 3.74 points or 0.25 per cent. Total transactions amounted to Bt82.77 billion with an index high of 1,505.47 and a low of 1,491.63.
