Sunday, February 28, 2021

SET reined in by lack of positive sentiment

Feb 22. 2021
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By The Nation

The Stock Exchange of Thailand (SET) Index rose by 3.64 points, or 0.24 per cent, to 1,504.15 in the morning session on Monday.

A Krungsri Securities analyst expected the SET to fluctuate between 1,490 and 1,510 due to lack of positive sentiment, falling oil price and outflow of foreign funds.

"However, the index would rebound from mass buy-ups of shares of companies whose fourth-quarter performance is expected to improve," he said.

His recommendation for investment:

▪︎ IVL, SPRC, ESSO, VNT, CBG, ROJNA, TVO, HTC, CPF, RCL, COM7, XO, WICE, JMT, JMART, SINGER, SAWAD, AH and CHG, whose fourth-quarter results are expected to improve.

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

The SET Index closed at 1,500.51 on Friday, down 10.52 points or 0.70 per cent. The volume of total transactions was Bt90.5 billion with an index high of 1,507.63 and a low of 1,493.52.

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