Thursday, September 23, 2021

business

Covid, anti-govt protests cast a shadow over SET


The Stock Exchange of Thailand (SET) Index rose by 4.67 points, or 0.30 per cent, to 1,535.91 on Tuesday morning.

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The SET Index closed at 1,531.24 on Monday, up 2.92 points or 0.19 per cent. Transactions totalled THB77.16 billion with an index high of 1,532.94 and a low of 1,512.28.

Krungsri Securities forecast the index on Tuesday would fluctuate between 1,520 and 1,540 points amid signs of a technical rebound and mass buy-ups of shares that gained positive sentiment.

It predicted the index, however, would be under pressure due to rising domestic and overseas Covid-19 cases and ongoing anti-government protests.

It recommended selective buying as an investment strategy:

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

▪︎ PSL and TTA, which would benefit from a rise in the freight rate.

▪︎ ADVANC, BGRIM, GPSC and CKP, which are able to escape the impact from market volatility.

Published : August 17, 2021

By : The Nation