Wednesday, September 22, 2021

business

SET up, but expected to fluctuate today


The Stock Exchange of Thailand (SET) Index rose by 5.83 points, or 0.39 per cent, to 1,506.44 in the morning session on Wednesday.

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A Krungsri Securities analyst expected the day’s index to fluctuate between 1,490 and 1,510 points despite the US Federal Reserve’s move to continue using quantitative easing and hopes that the first batch of Covid-19 vaccine would arrive in Thailand.

“Uncertainty over the rising US Treasury yield and the MSCI’s move to reduce investment in Thai shares by 0.01 per cent will pressure the index,” he said, adding that the MSCI’s move would take effect on Thursday.

He recommended investors buy:

▪︎ IVL, ROJNA, TVO, HTC, CPF, RCL, COM7, WICE, JMT, JMART, SAWAD, AH, and CHG, whose fourth-quarter turnover is expected to improve.

▪︎ PSL, TTA and RCL, which would benefit from a rise in the freight rate.

▪︎ AOT, MINT, CENTEL, CPN, MAJOR and CRC, which would benefit from positive news of a Covid-19 vaccine arriving in Thailand.

The SET Index closed at 1,500.61 on Tuesday, up 22.47 points, or 1.52 per cent. Total transactions amounted to Bt86.12 billion, with an index high of 1,506.94 points and a low of 1,486.18.

Published : February 24, 2021

By : The Nation