The SET is predicted to fall to 1,560 points despite hopes of US economic relief measures and vaccination drive in many countries, a Krungsri Securities analyst said.
The index would be under pressure due to uncertainty over US bond yield and volatility in funds flows, while investors would delay their trade to know the outcome of the US Federal Reserve's meeting, he said.
He recommended investors buy:
▪︎ AOT, MINT, CENTEL, AAV, BA, CPN, CRC and MAJOR, which benefit from positive news of the Covid-19 vaccine in Thailand.
▪︎ HANA, KCE, TU and CPF, which benefit from the weakening baht.
▪︎ CBG, ICHI, SAPPE, RBF, DOD, IP, TACC, GUNKUL and KISS, which benefit from positive news on hemp production and its general use.
The SET Index closed at 1,565.73 on Monday, down 2.46 points or 0.16 per cent. The volume of total transactions was Bt72.81 billion with an index high of 1,575.96 and a low of 1,562.69.
Published : March 16, 2021
By : The Nation