SET index dips in morning trade amid lack of new positive factors
Krungsri Securities predicted the Stock Exchange of Thailand (SET) index to move between 1,515 and 1,535 today (February 13) due to a lack of new supporting factors, despite the decline in the number of new coronavirus infection and China's tariffs reduction on $75 billion of US imports, effective February 14.
A stock analyst expected investors to delay trading, awaiting announcements of the 2019 financial results of listed companies. Meanwhile, foreign fund inflows have declined in recent days.
The analyst recommended four groups of stocks for investors:
● Contractor and industrial estate stocks which will benefit from the re-voting on an annual budget of the fiscal year 2020, such as STEC, CK, SEAFCO, AMATA, and WHA
● Energy stocks which will benefit from the rising oil price, such as TOP, PTTG, and SPRC
● Financial stocks which will benefit from reduced financial costs after the Monetary Policy Committee cut interest rates by 0.25 per cent, such as MTC, SAWAD, and KTC
● Exporter and food stocks which will benefit from weakening of the baht, such as KCE, HANA, DELTA, CPF, and TU
The SET Index fell 4.86 points or 0.32 per cent to 1,542.19 in the morning session today.
