SET Index stocks to watch on Monday: energy, banking and tourism
THE NATION
The Stock Exchange of Thailand (SET) Index is expected to fluctuate between 1,670 and 1,690 points on Monday despite the price of crude oil rising above US$100 per barrel, Krungsri Securities said.
However, it predicted that uncertainty over Russia-Ukraine negotiations and foreign fund flow volatility would pressure the index.
It recommends the purchase of the following as an investment strategy:
• PTTEP, TOP, IVL, SPRC and BCP would benefit from the rising price of crude oil and gross refining margin.
• KBANK, BBL, TTB, and KTB would benefit from news of the US interest rate hike and Thailand's economic recovery.
• AOT, AAV, MINT, CENTEL, ERW, BH and BDMS would benefit from Covid-19 restrictions easing.
The SET Index closed at 1,678.51 on Friday, down 3.25 points or 0.19 per cent. Transactions totalled Bt98.13 billion with an index high of 1,685.68 and a low of 1,677.16.
