Thursday, August 05, 2021

business

SET perks up, but falling oil price, volatility in foreign fund flows cast shadow


The Stock Exchange of Thailand (SET) Index rose by 5.63 points or 0.36 per cent to 1,556.22 in the morning session on Wednesday.

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The SET Index is expected to fluctuate between 1,540 and 1,560 points despite progress in the rollout of US$1.9 trillion in economic relief measures and the decline in the US bond yield, a Krungsri Securities analyst said.

He predicted that the falling oil price and volatility in foreign fund inflows could pressure the index.

He recommended 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, and TACC, which benefit from positive news on hemp production and its general use.

The SET Index closed at 1,550.59 on Tuesday, up 6.83 points or 0.44 per cent. Total transactions amounted to Bt99.22 billion with an index high of 1,554.96 points and a low of 1,537.23.

Published : March 10, 2021

By : The Nation