Sat, October 23, 2021


SET Index falls, Fed stimulus decision a factor

The Stock Exchange of Thailand (SET) Index fell by 13.63 points, or 0.91 per cent, to 1,484.50 in the morning session on Thursday.

The SET is expected to fall to between 1,480 and 1,490 points as the US Federal Reserve decided not to launch additional measures to tackle the impact of Covid-19 on the economy, said a Krungsri Securities analyst.

He also said foreign investors’ net sales of Bt8.7 billion for four consecutive days would pressure the index.

“However, the SET will rebound from mass buy-ups of stocks whose fourth-quarter turnover is expected to improve,” he predicted.

He recommended investors buy:

▪︎ PTTGC, TOP, IVL, EPG, VNT, SCGP, CBG, ROJNA, TVO, STGT, TWPC, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, MTC, SAWAD and KCE, whose fourth-quarter turnover is expected to improve.

▪︎ CBG, ICHI, OSP, SAPPE, RBF and DOD, which benefit from news related to hemp after Thailand’s Food and Drug Administration said it would allow government agencies, private companies, farmers and the public to apply to grow the cannabis plant species.

The SET Index closed at 1,498.13 on Wednesday, down 14.70 points, or 0.97 per cent. Total transactions amounted to Bt78.79 billion, with an index high of 1,515.32 points and a low of 1,498.25.

Published : January 28, 2021

By : The Nation