Fri, December 03, 2021

business

SET perks up a tad, but oil price, rising US bond yield cast shadow


The Stock Exchange of Thailand (SET) Index rose by 1.87 points or 0.12 per cent to 1,591.40 in the morning session on Wednesday.

A Krungsri Securities analyst forecast the SET index would fluctuate between 1,580 and 1,600 points despite hopes over a US infrastructure plan worth a massive $3 trillion (Bt93.6 trillion).

“The index would be under pressure due to the falling oil price and uncertainty over a rising US bond yield,” he said.

He recommended investors buy:

▪︎ AOT, MINT, CENTEL, AAV, BA, CPN, CRC, Major, BDMS and BH, which benefit from positive news of Covid-19 vaccinations 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 1,590.97 on Tuesday, up 7.08 points or 0.45 per cent. Total transactions amounted to Bt97 billion with an index high of 1,593.52 points and a low of 1,585.06.

Published : March 31, 2021

By : The Nation