Sunday, July 25, 2021

business

SET up slightly, expected to fluctuate amid mass vaccinations, rising oil price


The Stock Exchange of Thailand (SET) Index rose by 0.83 points or 0.05 per cent to 1,623.14 on Wednesday morning. The volume of transactions was THB3.41 billion with an index high of 1,623.46 and a low of 1,621.68.

The SET Index closed at 1,622.31 on Tuesday, down 10.75 points or 0.66 per cent. Transactions totalled THB90.03 billion with an index high of 1,636.10 and a low of 1,618.60.

Krungsri Securities expected the index to fluctuate between 1,615 and 1,635 points amid hopes of a Thai economic recovery after mass vaccinations commenced last week, and the rising oil price.

It predicted the index could be pressured as investors monitor a key US Federal Reserve meeting on Wednesday and uncertainty over rising inflation.

It recommended investors buy:

▪︎ PTT, PTTEP, Top, IVL, Banpu, PSL and TTA, which would 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 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.

Published : June 16, 2021

By : The Nation