Sun, November 28, 2021

business

SET perks up a little, but Covid-19 worries, foreign fund flows cast shadow


The Stock Exchange of Thailand (SET) Index rose by 5.34 points or 0.34 per cent to 1,585.35 in the morning session on Thursday. The volume of total transactions was THB7.37 billion, with an index high of 1,587.95 and a low of 1,584.08.

A Krungsri Securities analyst expected the day’s index to rise to the resistance level between 1,585 and 1,590 points in line with the increase in regional indices.

However, he said uncertainty over the rising number of Covid-19 cases in Thailand, the falling oil price and the direction of foreign funds, which are likely to flow out, would pressure the index.

He recommended investors buy:

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

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

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

 

The SET Index closed at 1,580.01 on Wednesday, down 0.03 points. The volume of total transactions was THB80.53 billion, with an index high of 1,584.57 points and a low of 1,575.56.

Published : April 22, 2021

By : The Nation