Friday, June 18, 2021

business

Flight of foreign funds, inflation could drag SET down


The Stock Exchange of Thailand (SET) Index rose by 7.30 points, or 0.47 per cent, to 1,555.43 at 10.02am on Friday. The volume of total transactions was THB7.34 billion with an index high of 1,558.86 and a low of 1,554.04.

Krungsri Securities predicted that the SET Index would fluctuate between 1,535 and 1,560 points despite hopes of economic recovery after the number of US jobless claims fell to the lowest in a year.

"Uncertainty over rising inflation, falling crude price and outflow of foreign funds would pressure the index," Krungsri Securities predicted.

It recommended that investors buy:

▪︎ EA, GPSC, BPP and ROJNA, which are related to electric vehicles.

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

▪︎ ADVANC, INTUCH and WHAUP, which pay high dividends.

 

The SET Index closed at 1,548.13 on Thursday, down 23.72 points or 1.51 per cent. The volume of total transactions was THB143.71 billion with an index high of 1,561.80 and a low of 1,501.02.

Published : May 14, 2021

By : The Nation