Fund inflows, easing of Covid restrictions expected to boost SET index
The Stock Exchange of Thailand (SET) Index is expected to fluctuate between 1,690 and 1,710 points on Thursday amid uncertainty over peace negotiations between Russia and Ukraine, Krungsri Securities said.
It pointed out that there was concern after fighting continued on the outskirts of Kyiv and Chernihiv despite Russia’s promise to reduce military operations to facilitate peace negotiations.
“However, foreign fund inflows in response to Thailand’s economic recovery and further easing of Covid-19 restrictions would help boost the index,” Krungsri Securities predicted.
It advised investors to follow the Opec+ meeting on Thursday as the group was expected to increase oil production by 400,000 barrels per day in line with a previous decision.
Krungsri Securities also recommended the purchase of the following stocks as an investment strategy:
• GPSC, BGrim, SCGP and EPG, which would benefit from falling oil prices.
• AOT, AAV, BA, Mint, Centel, ERW, CPN, CRC, HMPro, CPAll, Makro, Amata and WHA, which would gain from further easing of Covid-19 restrictions.
• OSP, CBG, ICHI and SNC, which would benefit from the upcoming tourism season.
The SET Index closed at 1,698.40 on Wednesday, up 8.66 points or 0.51 per cent. Transactions totalled 97.88 billion baht.
