Wednesday, June 23, 2021

business

SET Index expected to fluctuate amid mixed signals


The Stock Exchange of Thailand (SET) Index fell by 3.72 points, or 0.25 per cent, to 1,464.79 in the morning session on Friday.

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The SET is expected to fluctuate between 1,460 and 1,490 amid the decline in number of US initial jobless claims and mass buy-up of shares whose fourth-quarter results are expected to improve, said a Krungsri Securities analyst.

However, foreign investors’ net sales over the past five days worth approximately Bt10 billion would pressure the index, he said.

He recommended that investors buy:

▪︎ PTTGC, TOP, IVL, EPG, VNT, CBG, ROJNA, TVO, STGT, CPF, SYNEX, COM7, XO, WICE, JMT, MTC, SAWAD and KCE, whose fourth-quarter results are expected to show improvement.

▪︎ CBG, ICHI, OSP, SAPPE, RBF and DOD, which benefit from news related to hemp.

The SET Index closed at 1,468.51 on Thursday, down 29.62 points or 1.98 per cent. Total transactions amounted to Bt92 billion after the US Federal Reserve decided against launching more measures to tackle the economic impact of Covid-19.

Published : January 29, 2021

By : The Nation