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SET expected to rise today


The Stock Exchange of Thailand (SET) Index rose by 13.62 points, or 0.91 per cent, to 1,504.73 in the morning session on Thursday.

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A Krungsri Securities analyst expected the day’s index to rise to between 1,500 and 1,510 points on signs by the US Federal Reserve that it would maintain its interest rate at a low level, and a rising oil price after US oil production witnessed a decline.

“However, the index would face volatility due to the MSCI’s move to reduce investment in Thai shares by 0.01 per cent and mass sell-offs of shares to prevent risks during the Makha Bucha holiday period,” he said.

He recommended investors buy:

▪︎ PTTEP, PTTGC, TOP and IVL, that benefit from the rising oil price.

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

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

The SET Index closed at 1,491.11 on Wednesday, down 9.50 points, or 0.63 per cent. Total transactions amounted to Bt96.24 billion, with an index high of 1,507.78 points and a low of 1,485.94.

Published : February 25, 2021

By : The Nation