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MONDAY, October 03, 2022
nationthailand
SET expected to fall amid worries over Covid-19 outbreak

SET expected to fall amid worries over Covid-19 outbreak

MONDAY, November 29, 2021

Krungsri Securities forecast the Stock Exchange of Thailand (SET) Index on Monday (November 29) would fall to between 1,590-1,600 points.

It said the index is currently under pressure due to uncertainty over the latest Omicron Covid-19 variant in Africa and the fresh coronavirus wave in Europe.

It added that the abovementioned negative sentiment also caused the oil price to drop sharply.

"Hence, we advise buying stocks which gained specific positive sentiment," Krungsri Securities said.

It also recommended buying of the following companies’ shares as an investment strategy:

▪︎ BCH, CHG, MEGA, STA and STGT, which benefit from the Covid-19 crisis.

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

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