Saturday, July 31, 2021

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SET up in morning session but expected to be pressured by Covid-19 situation


The Stock Exchange of Thailand (SET) Index rose by 7.31 points, or 0.47 per cent, to 1,566.14 in the morning session on Friday.

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A Krungsri Securities analyst forecast that the SET would fluctuate between 1,550 and 1,570 points despite the expectation that the US Federal Reserve would maintain interest rate at low level after US jobless claims jumped, as well as the falling US Treasury yield.

"Uncertainty over Thailand's new wave of Covid-19 outbreak is expected to continue to pressure the index," he said.

He recommended investors buy:

▪︎ TQM, STGT, COM7, SYNEX, PTL, AJ, BDMS and CHG, which benefit from the Covid-19 outbreak.

The SET Index closed at 1,558.83 on Thursday, up 2.27 points or 0.15 per cent. Total transactions were Bt83 billion with an index high of 1,564.65 and a low of 1,552.18.

The SET rebounded after falling 1.46 per cent on Wednesday.

Published : April 09, 2021

By : The Nation