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Small, medium stocks jump as large stocks show restricted upside

The price of small and medium stocks on Tuesday skyrocketed because large stocks are offering limited room for expansion, experts said.

On Tuesday, the price of Better World Green (BWG) shares rose by 19.44 per cent to Bt0.86 per share, followed by Italian-Thai Development (ITD) by 14.19 per cent to Bt1.77, Thai Film Industries by 13.79 per cent to Bt0.33, and Nawarat Patanakarn (NWR) by 12.16 per cent to Bt0.83.

Chanchai Pantathanakit, investment strategy manager at Asia Plus Securities, said large stocks offer limited upside room due to foreign investors and local institutions’ net buys and sales in the latter part of March.

He said small and medium shares rose thanks to retail investors, judging from the fact that the number of stock-trading accounts had increased to 274,000 in February compared to 62,200 last year.

“Since the beginning of 2021, the Market for Alternative Investment has generated returns of up to 36.3 per cent, followed by 27.7 per cent in the sSET Index, 9.6 per cent in the SET, 8.3 per cent in SET100 and 6.7 per cent in SET50,” he said.

The investment strategist advised investors to speculate on stocks whose performance is likely to grow, such as SPVI at a fair value of Bt6.92 per share and Infraset (INSET) at Bt4.66 per share.

Meanwhile, Yuanta Securities (Thailand) strategist Natapon Khamthakrue advised investors to speculate on stocks with strong first-quarter performance that have gained from the government’s stimulus measures, such as Arrow Syndicate (ARROW), TAC Consumer (TACC), Business Alignment (BIZ), Moong Pattana International (MOONG), AMA Marine (AMA), Techno Medical (TM), ND Rubber (NDR), Sea Oil (SEAOIL) and Intermedical Care and Lab Hospital (IMH).

Published : March 31, 2021

By : The Nation