Tuesday, September 21, 2021

business

SET rallies on hopes of fresh US stimulus, rising oil price


The Stock Exchange of Thailand (SET) Index rose by 8.12 points, or 0.53 per cent, to 1,526.39 in the morning session on Wednesday.

2062

View

The SET is expected to fluctuate between 1,510 and 1,530 points despite hopes of a fresh US economic relief package and the rise in the oil price, a Krungsri Securities analyst said.

“The SET would be under pressure due to its tight valuation,” he predicted, adding that the index’s price-to-earnings ratio was 30 times.

He recommended investors buy:

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

▪︎ CBG, ICHI, OSP, SAPPE, RBF, DOD and PTG, which benefit from positive news on hemp production and its general use.

The SET Index closed at 1,518.27 on Tuesday, up 1.84 points, or 0.12 per cent. Total transactions amounted to Bt92.88 billion, with an index high of 1,529.49 points and a low of 1,516.50.

Published : February 10, 2021

By : The Nation