Saturday, July 24, 2021

business

SET expected to rise today on economic recovery hopes


The Stock Exchange of Thailand (SET) Index rose by 5.80 points or 0.36 per cent to 1,624.39 at 10am on Wednesday. The volume of transactions was THB8.42 billion with an index high of 1,626.98 points and a low of 1,623.52.

Krungsri Securities expected the day’s index to rise to between 1,630 and 1,635 points on hopes of an economic recovery as mass Covid-19 vaccinations gather strength worldwide.

It added that the index also gained positive sentiment from the rising oil price amid expectations of increased demand.

However, the index would be under pressure due to signs of overbought stocks, Krungsri Securities said.

It recommended investors buy:

▪︎ PTT, PTTEP, PTTGC, Top, IVL and Banpu, which benefit from the global economic recovery.

▪︎ BCH, CHG, BDMS, Mint, Centel, AOT, CPAll, HMPro, CPN and CRC, which benefit from the country’s reopening.

▪︎ KCE, IRPC, STA and STGT, which are expected to be listed on the SET50 Index in the middle of June.

▪︎ AAV, BLA, Ichi, PSL, PTL, Singer, Stark, STGT and Synex, which are expected to be listed on the SET100 Index mid-June.

 

The SET Index closed at 1,618.59 on Tuesday, up 25 points or 1.57 per cent. Transactions totalled THB116.03 billion with an index high of 1,620.53 and a low of 1,598.66.

Published : June 02, 2021

By : The Nation