SET rises in the morning trade
The Stock Exchange of Thailand (SET) Index rose by 3.27 points or 0.20 per cent to 1,652.81 on Tuesday morning.
The volume of total transactions was 5.88 billion baht with an index high of 1,654.06 and a low of 1,651.08 in opening trade.
CGS-CIMB Securities Head of Retail Research Kitichan Sirisukarcha forecast the day's index would move sideways despite foreign investors buying back shares.
He said the index gained positive sentiment from rising oil price after Opec+ signalled it would adjust oil production plan if the US and partner countries reduce their oil reserves, plus a 6.6 per cent rise in coal price.
"In addition, the US stock market gained positive sentiment after US President Joe Biden proposed Jerome Powell to be Federal Reserve Chairman for the second term," he said.
He also advised investors to follow economic data of major countries which will be gradually released.
The 10 stocks with the highest trade value were UBE, EA, BANPU, PTT, TRUE, AOT, DTAC, KBANK, SCB and SUPER.
The SET Index closed at 1,649.54 on Monday, up 4.48 points or 0.27 per cent. Transactions totalled 94.48 billion baht with an index high of 1,653.33 and a low of 1,645.09.
