Thursday, July 29, 2021

business

SET rises despite lack of positive sentiment


The Stock Exchange of Thailand (SET) Index rose by 4.56 points or 0.29 per cent to 1,575.39 in the morning session on Thursday.

835

View

A Krungsri Securities analyst predicted the SET Index would fluctuate between 1,560 and 1,580 points despite positive sentiment over a rising oil price.

The index would be under pressure due to a fresh Covid-19 outbreak in European countries and volatility in fund flows, he also predicted.

He recommended investors buy:

▪︎ EA and GPSC, which will benefit from news that Thailand will stop sales of conventional motor vehicles by 2035 and go in solely for electric vehicles.

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

▪︎ Ichi, Sappe, RBF, DOD, IP, TACC, Gunkul, Kiss and Ziga, which benefit from positive news on hemp production and its general use.

The SET Index closed at 1,570.83 on Wednesday, up 6.58 points or 0.42 per cent. Total transactions amounted to Bt85 billion with an index high of 1,570.84 points and a low of 1,555.72.

Published : March 25, 2021

By : The Nation