SET index increases, 'foreign fund inflows' a factor
The Stock Exchange of Thailand (SET) index opened at 1,526.89 points on Thursday morning, increasing by 11.17 points, or 0.47 per cent, compared to the previous day’s closing.
Krungsri Securities forecast the SET would move between 1,510 and 1,530 points, while the market has been supported by investors’ expectation that the new US administration would come out quickly with an “American rescue plan”.
However, Krungsri Securities said fund inflows from foreign investors would influence the index’s performance.
It advised investors to purchase shares of BBL, PTTGC, Top, IVL, EPG, VNT, SCGP, CBG, Rojna, TVO, STGT, CPF, RCL, PSL, Synex, Com7, XO, Wice, JMT, MTC, Sawad and KCE as these companies were expected to announce growth in turnover. Among them, it said, BBL tended to grow the highest from quarter to quarter.
Krungsri Securities also recommended stocks with high dividends, such as Advanc, Intuch, AP, Siri and WhaUp, and suggested that the drop in new Covid-19 cases in the country was also advantageous to a company such as Erawan Group.