It said negative sentiment of falling oil price after the US oil storage had risen by 4.3 million barrels, plus mass sell-offs of shares amid worries over the European Central Bank would taper its quantitative easing (QE) programme during the meeting today, would pressure the index.
"However, mass buy-ups of shares whose third-quarter profit is expected to grow would help the index to rebound," Krungsri Securities said.
It also recommended buying of the following companies’ shares as an investment strategy:
▪︎ GULF, CHG, BCH, BDMS, KCE and JMT, whose third-quarter profit is expected to grow.
▪︎ HMPRO, CPALL, TNP and KK, which benefit from the government's economic stimulus measures.
Published : October 28, 2021
By : THE NATION