SET gains slightly, but worries over new Covid-19 wave cast shadow
The Stock Exchange of Thailand (SET) Index rose by 1.03 points or 0.07 per cent to 1,557.59 in the morning session on Thursday.
A Krungsri Securities analyst forecast that the SET would fall to between 1,545 and 1,550 points amid uncertainty over Thailand’s economic recovery after a new wave of Covid-19 emerged.
However, the US Federal Reserve’s resolution to use monetary policies until the economy recovers and the International Monetary Fund’s move to boost its global economic growth forecast would help the index to rebound, he predicted.
He recommended investors buy:
▪︎ TQM, STGT, Com7, Synex, PTL and AJ, which benefit from the Covid-19 situation.
▪︎ Hana, KCE, TU, and CPF, which benefit from the weakening baht.
▪︎ CBG, Ichi, Sappe, RBF, DOD, IP, Gunkul and Kiss, which benefit from positive news on hemp production and its general use.
The SET Index closed at 1,556.56 on Wednesday, down 23.10 points or 1.46 per cent. The volume of total transactions was Bt107.77 billion, with an index high of 1,570.69 points and a low of 1,555.57.
