Volatile funds flow, inflation could rein in SET despite improved sentiment
The Stock Exchange of Thailand (SET) Index rose by 3.32 points, or 0.21 per cent, to 1,615.91 at 10am on Tuesday.
Krungsri Securities said the index would fluctuate between 1,605 and 1,625 points amid hopes of an economic recovery as mass Covid-19 vaccination gathers strength worldwide and the price of oil continues to rise.
However, it predicted that uncertainty over increasing inflation and volatility in foreign funds flow would pressure the index.
It recommended that investors buy:
PTT, PTTEP, PTTGC, TOP, IVL and BANPU, which benefit from the global economic recovery.
BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN and CRC, which benefit from the country's reopening.
KTC, OR, BEC, DCC, EGCO, JMART, KEX, PTL, PSL, RBF, RCL, SAK, STARK, TTA and TRUE, which will be listed on the FTSE Index on June 21.
The SET Index closed at 1,612.59 on Monday, up 1.06 points or 0.07 per cent. Total transactions amounted to THB88.49 billion with an index high of 1,625.56 and a low of 1,611.78.