SET Index up slightly, expected to fluctuate
The Stock Exchange of Thailand (SET) Index rose by 0.22 points, or 0.01 per cent, to 1,523.33 in the morning session on Wednesday.
A Krungsri Securities analyst expected the day’s index to fluctuate between 1,515 and 1,520 points amid a rising oil price after refineries in Texas shut due to extreme weather, and mass buy-ups of shares whose fourth-quarter performance was expected to improve.
The analyst advised investors to beware of SET’s tight valuation and mass sell-offs of PTT Oil and Retail Business (OR) shares after it was disqualified from listing on the FTSE.
He recommended investors buy:
▪︎ IVL, SPRC, ESSO, VNT, CBG, ROJNA, TVO, HTC, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, JMART, SINGER, SAWAD, AH, SAT, BH and CHG, whose fourth-quarter turnover is expected to improve.
▪︎ PSL, TTA and RCL, which would benefit from a rise in the freight rate.
The SET Index closed at 1,523.11 on Tuesday, up 0.39 points, or 0.03 per cent. Total transactions amounted to Bt87.87 billion, with an index high of 1,531.29 points and a low of 1,522.41.