Tue, December 07, 2021

business

SET expected to get a lift from governments vaccine rollout plan


The Stock Exchange of Thailand (SET) Index fell by 4.32 points, or 0.27 per cent, to 1,586.14 on Friday morning. The volume of total transactions was THB12.58 billion with an index high of 1,593.23 and a low of 1,584.29.

A Krungsri Securities analyst expected the index to fluctuate between 1,580 and 1,600 points on Friday amid positive sentiment on the government's plan to administer Covid-19 vaccines to people nationwide within the third quarter of this year.

He added that the index had also gained positive sentiment from investors' mass buy-ups of energy stocks in line with rising oil price, as well as shares whose first-quarter turnover is expected to improve.

"However, the move by the Centre for Covid-19 Situation Administration to tighten measures in six red-zone provinces from May and mass sell-offs of shares to prevent risks during a four-day holiday would pressure the index," he said.

He recommended that investors buy:

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

▪︎ PTTEP, PTTGC and IVL, which benefit from the rising oil price.

▪︎ PTTGC, IVL, EPG, SCC, CPF, BCH, CHG, STGT, GLOBAL, DOHOME, COM7, SYNEX, STARK and TWPC, whose first-quarter turnover is expected to improve.

The SET Index closed at 1,590.46 on Thursday, up 13.67 points or 0.87 per cent. The volume of total transactions was THB89.56 billion with an index high of 1,592.90 and a low of 1,583.98.

Published : April 30, 2021

By : The Nation