Delays in vaccination drive due to shortages could dampen SET optimism
The Stock Exchange of Thailand (SET) Index rose by 1.22 points, or 0.07 per cent, to 1,637.78 on Monday morning. The volume of total transactions was THB16.73 billion with an index high of 1,642.80 and a low of 1,636.30.
The SET Index closed at 1,636.56 on Friday, up 11.29 points or 0.69 per cent. Transactions totalled THB106.11 billion with an index high of 1,636.92 and a low of 1,628.14.
Krungsri Securities predicted the SET Index would fluctuate between 1,630 and 1,650 amid hopes of a Thai economic recovery as a mass vaccination drive commenced nationwide.
The index also gained positive sentiment from expectations that the US Federal Reserve would maintain its interest rate and continue the quantitative easing policy.
However, news of many hospitals in Thailand postponing the vaccination drive and signs of overbought stocks could pressure the index, Krungsri Securities said.
It recommended that investors buy:
▪︎ PTT, PTTEP, PTTGC, TOP, IVL, BANPU, PSL and TTA, which benefit from a global economic recovery.
▪︎ BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN, CRC, AAV, AMATA and WHA, which would benefit from the country's reopening.
▪︎ KCE, IRPC, STA and STGT, expected to be listed on the SET50 Index in mid-June.
▪︎ AAV, BLA, ICHI, PSL, PTL, SINGER, STARK, STGT and SYNEX, expected to be listed on the SET100 Index in mid-June.