Wednesday, September 22, 2021

business

Negative sentiment expected to push the SET down


The Stock Exchange of Thailand (SET) Index rose by 7.16 points, or 0.47 per cent, to 1,534.82 on Friday morning.

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The SET Index closed at 1,527.66 on Thursday, down 18.20 points or 1.18 per cent. Transactions totalled THB81.29 billion with an index high of 1,547.38 and a low of 1,526.91.

Krungsri Securities forecast the SET Index on Friday would fall to between 1,515 and 1,520 points despite positive sentiment from the decline in US weekly jobless claims.

It predicted higher domestic Covid-19 cases which have impacted the economy, weakened the baht and led to foreign funds outflow would pressure the index.

It recommended selective buys as an investment strategy:

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

▪︎ BCH, CHG, BDMS, DOHOME, CKP, CBG, OSP, ICHI, GPSC, BEC, GUNKUL, JWD, WICE, SONIC, NER, PSL, TTA, RCL, SINGER, JMT and JMART, whose second-quarter business turnover is expected to improve.

Published : August 06, 2021

By : The Nation