Sun, September 26, 2021

business

Limited upside for SET amid slew of negative factors


The Stock Exchange of Thailand (SET) Index rose by 5.70 points, or 0.37 per cent, to 1,527.42 on Monday morning.

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The SET Index closed at 1,521.72 on Friday, down 5.94 points or 0.39 per cent. Transactions totalled THB82.72 billion with an index high of 1,537.27 and a low of 1,514.67.

Krungsri Securities forecast that the index on Monday will fall to between 1,510 and 1,515 points despite strong US non-farm payroll data.

It predicted that the impact on the economy from Covid-19 lockdown measures, anti-government protests, the weakening baht and outflow of foreign funds would pressure the index.

It recommended selective buying as an investment strategy:

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

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

Published : August 09, 2021

By : The Nation