SET under pressure as investors wary of Russia-Ukraine tensions
The Stock Exchange of Thailand (SET) Index is expected to fall to between 1,680 and 1,685 points on Tuesday, Krungsri Securities said.
It said the index is being pressured due to tensions between Russia and Ukraine, making investors turn to safe-haven assets.
"However, the rising oil price would help boost the index," Krungsri Securities said.
It recommends the purchase of the following stocks as an investment strategy:
• PTTEP, TOP, PTTGC, IVL, SPRC and BCP will benefit from the rising price of oil and gross refining margin.
• PSL and TTA will benefit from the rising freight rate.
• IVL, SPRC, BANPU, TU, CPF, ORI, WHA, AMATA, HMPRO, CRC, BLA, ITEL, UBE, FORTH, TH and ONEE are expected to grow based on their business turnover last year.
The SET Index closed at 1,694.32 on Monday, down 18.88 points or 1.10 per cent. Transactions totalled 104.94 billion baht.
