The SET Index closed at 1,574.37 on Friday, up 2.36 points or 0.15 per cent. Transactions totalled THB80.44 billion with an index high of 1,575.66 and a low of 1,567.17.
Krungsri Securities predicted the index on Monday would fall to between 1,550 and 1,560 points due to uncertainty over the outbreak of the Covid-19 delta variant in the US and Europe that may affect economic recovery.
It forecast a rise in domestic Covid-19 cases and expected volatility in foreign funds flow to pressure the index.
Daily infections reached a new high of 11,784 on Monday and 81 deaths. It is the third consecutive day the country has recorded over 10,000 cases.
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, OSP, ICHI, GPSC, BEC, GUNKUL, JWD, WICE, SONIC and NER, whose second-quarter business turnover is expected to improve.
Published : July 19, 2021
By : The Nation