Tue, December 07, 2021

business

Worries over rising Covid-19 cases, falling oil price pressure SET


The Stock Exchange of Thailand (SET) Index fell by 1.65 points or 0.10 per cent to 1,578.39 in the morning session on Wednesday. The volume of total transactions was Bt6.80 billion, with an index high of 1,579.42 points and a low of 1,575.56.

A Krungsri Securities said the index on Wednesday would fall to between 1,565 and 1,570 points, in line with the drop in regional indices due to uncertainty over rising Covid-19 cases worldwide, especially in India and South Africa.

It said this negative sentiment caused the oil price to fall and would impact shares related to energy.

“Besides, the index would be under pressure due to volatility in foreign fund flows,” Krungsri Securities said.

 

It recommended investors buy:

▪︎ TQM, STGT, Com7, Synex, BDMS, BCH and CHG, which benefit amid the Covid-19 crisis.

▪︎ PSL, TTA and RCL, which would benefit from a rise in the freight rate.

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

The SET Index closed at 1,580.04 on Tuesday, up 5.13 points or 0.33 per cent. The volume of total transactions was Bt102.62 billion, with an index high of 1,582.49 points and a low of 1,570.53.

Published : April 21, 2021

By : The Nation