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THURSDAY, October 06, 2022
SET under pressure over MSCI move, foreign fund outflows

SET under pressure over MSCI move, foreign fund outflows

THURSDAY, May 27, 2021

The Stock Exchange of Thailand (SET) Index rose by 0.97 points or 0.06 per cent to 1,569.55 at 10am on Thursday. The volume of transactions was THB3.93 billion with an index high of 1,571.45 points and a low of 1,568.89.

Krungsri Securities predicted that the day’s index would fluctuate between 1,550 and 1,580 points amid hopes of a global economic recovery after an improvement in US economic data, plus Federal Reserve confidence that it would be able to deal with rising inflation.

However, uncertainty over the MSCI’s move to reduce investment in Thai shares by 0.1 per cent on Thursday and the outflow of foreign funds would pressure the index, Krungsri Securities said.

It recommended investors buy:

▪︎ BDMS, BCH and CHG, which would gain positive sentiment from mass vaccinations.

▪︎ SCGP and CBG, which will be listed on the MSCI Index.

▪︎ OSP, KTC, STGT, BH Ace, PSL, RCL, SCC, Singer, Synex, TTA and TOA, which the MSCI will increase investment in.

Meanwhile, it advised investors to avoid buying:

▪︎ KBank-F and Dtac, which will be delisted from the MSCI Index.

▪︎ PTT, KBank, Intuch, CPN, SCC, CPAll, EGCO and TU, which the MSCI will reduce investment in.

The SET Index closed at 1,568.58 on Tuesday, up 16.73 points or 1.08 per cent. Total transactions amounted to THB88.95 billion with an index high of 1,572.03 and a low of 1,560.13.

The index was closed on Wednesday for Visakha Bucha Day.