The SET Index closed at 1,578.49 on Friday, down 15.26 points or 0.96 per cent. Transactions totalled THB80.92 billion with an index high of 1,596.05 and a low of 1,574.92.
Krungsri Securities forecast that the SET Index on Monday would fall to between 1,565 and 1,570 points despite the rise in US non-farm payroll and oil price.
It predicted that uncertainty over the rise in Covid-19 cases in Thailand and outflow of foreign funds would pressure the index.
It recommended that investors buy:
▪︎ PTT, PTTEP and TOP, which benefit from the rising oil price.
▪︎ HANA, KCE, TU, CPF, ASIAN and EPG, which benefit from the weakening baht.
▪︎ BCH, CHG, BDMS, HMPRO, BEM, CKP, CBG and ICHI, whose second-quarter business turnover is expected to improve.
Published : July 05, 2021
By : The Nation