The SET Index had closed at 1,625.65 on Friday, down 6.05 points or 0.37 per cent. Transactions totalled THB105.67 billion with an index high of 1,635.04 and a low of 1,617.31.
Krungsri Securities forecast the index on Monday would fluctuate between 1,615 and 1,635 points due to lack of positive sentiment.
It said uncertainty over a US corporate tax hike and investors' move to delay investment to hear the result of the Federal Open Market Committee (FOMC) session on September 21-22 would pressure the index.
"However, mass buy-ups of stocks which gained specific positive sentiment and whose third-quarter profit is expected to rise would help boost the index," Krungsri Securities said.
It also recommended buying of the following companies’ shares as an investment strategy:
▪︎ HANA, KCE, TU, CPF, GFPT, ASIAN, EPG, NER, SUN and APURE, which benefit from the weakening baht.
▪︎ BANPU, LANNA, CKP, GULF, CHG, BCH and BDMS, whose third-quarter profit is expected to rise.
Published : September 20, 2021