Sunday, July 25, 2021

business

SET gets a lift from mass vaccination campaigns worldwide and oil price boost


The Stock Exchange of Thailand (SET) Index rose by 8.85 points, or 0.56 per cent, to 1,602.44 on Tuesday morning. The volume of total transactions was THB21.09 billion with an index high of 1,603.81 and a low of 1,598.66.

Krungsri Securities forecast that the SET Index on Tuesday would rise to between 1,600 and 1,606 points on hopes of an economic recovery as mass Covid-19 vaccinations gathered strength worldwide.

It added that the index also gained positive sentiment from rising oil price, as Opec+ expected world oil markets to get acutely tight due to increasing demand.

However, investors should beware of volatility due to foreign funds flows and mass sell-offs of shares to take profits, Krungsri Securities said.

It recommended that investors buy:

▪︎ BDMS, BCH, CHG, MINT, CENTEL, AOT, CPALL, HMPRO, CPN and CRC, which gained positive sentiment from mass vaccinations and reopening of the country.

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

 

The SET Index closed at 1,593.59 on Monday, up 11.61 points or 0.73 per cent. Transactions totalled THB79.81 billion with an index high of 1,594.65 and a low of 1,578.09.

Published : June 01, 2021

By : The Nation