Sunday, August 01, 2021

business

Increasing Covid cases, funds outflow to pile pressure on SET


The Stock Exchange of Thailand (SET) Index fell by 3.83 points, or 0.24 per cent, to 1,568.18 on Friday morning.

The SET Index closed at 1,572.01 on Thursday, up 2.31 points or 0.15 per cent. Transactions totalled THB83.26 billion with an index high of 1,580.43 and a low of 1,570.96.

Krungsri Securities predicted the index on Friday would fluctuate between 1,560 and 1,580 points despite the US Federal Reserve signalling it would maintain its interest rate and quantitative easing programme.

It forecast that a fall in oil price, the outflow of foreign funds and an increase in domestic Covid-19 cases would pressure the index.

It recommended that investors buy:

▪︎ HANA, KCE, TU, CPF, ASIAN and EPG, which benefit from the weakening baht.

▪︎ BCH, CHG, BDMS, HMPRO, GLOBAL, DOHOME, BEM, CKP, CBG, ICHI, GPSC, BEC, GUNKUL, JWD, WICE, SONIC and NER, whose second-quarter business turnover is expected to improve.

Published : July 16, 2021

By : The Nation