Thursday, July 29, 2021

business

SET expected to face pressure from volatility in foreign funds flows


The Stock Exchange of Thailand (SET) Index rose by 1.95 points, or 0.12 per cent, to 1,570.14 in the morning session on Monday.

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A Krungsri Securities analyst expected the index to fluctuate between 1,560 and 1,580 despite several countries' economic stimulus measures.

He said uncertainty over rising US bond yield and inflation, plus volatility in foreign funds flows would 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, TACC and GUNKUL which benefit from positive news on hemp production and its general use.

The SET Index closed at 1,568.19 on Friday, down 6.94 points or 0.44 per cent. Total transactions fell to Bt83.958 billion with an index high of 1,584.40 and a low of 1,562.90.

Published : March 15, 2021

By : The Nation