Wed, December 01, 2021

business

Falling oil price, rising US bond yield could pressure SET


The Stock Exchange of Thailand (SET) Index rose by 2.33 points, or 0.15 per cent, to 1,546.09 in the morning session on Tuesday.

The SET Index is expected to fluctuate between 1,530 and 1,560 points despite progress in the rollout of US$1.9-trillion economic relief measures, said the Krungsri Securities analyst.

He said the index would be under pressure due to falling oil price and uncertainty over rising US bond yield.

He recommended that investors buy:

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

▪︎ HANA, KCE, TU and CPF, which benefit from the weakening baht.

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

The SET Index on Monday closed at 1,543.76, down 0.35 points or 0.02 per cent. The volume of total transactions was Bt108.47 billion with an index high of 1,562.56 and a low of 1,540.64.

Published : March 09, 2021

By : The Nation