SET rises on hopes of US economic stimulus package
The Stock Exchange of Thailand (SET) Index rose by 9.24 points, or 0.62 per cent, to 1,492.22 in the morning session on Friday.
The SET index is expected to rebound between 1,490 and 1,495 points on hopes of rollout of US economic stimulus measures and the rise in oil price, a Krungsri Securities analyst said.
"However, outflow of foreign funds would plunge the SET," he predicted.
He recommended that investors buy:
▪︎ PTTGC, TOP, IVL, EPG, VNT, CBG, ROJNA, TVO, STGT, HTC, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, JMART, SINGER, MTC, SAWAD and KCE, whose fourth-quarter results in 2020 were expected to improve.
▪︎ ADVANC, INTUCH, AP, SIRI and WHAUP, which pay high dividends.
The SET Index closed at 1,482.98 on Thursday, up 1.23 points, or 0.08 per cent. Total transactions amounted to Bt77 billion, thanks to mass buy-ups of energy and bank shares.
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