SET buoyant on ECB easing monetary policy, US economic relief bill
The Stock Exchange of Thailand (SET) Index rose by 7.66 points, or 0.49 per cent, to 1,582.79 in the morning session on Friday.
The SET Index is expected to rise to between 1,580 and 1,585 points on positive sentiment over the European Central Bank easing its monetary policy and US President Joe Biden signing a $1.9-trillion economic relief bill, a Krungsri Securities analyst said
However, he warned investors to beware of volatility in foreign funds flows that would pressure the index.
He recommended that investors buy:
▪︎ AP, SPALI, LPN, LH and SIRI, which benefit from Bank of Thailand's revision of the Loan to Value Ratio rule to help home buyers.
▪︎ AOT, MINT, CENTEL, CPN, CRC and MAJOR, which benefit from positive news of the Covid-19 vaccine in Thailand.
▪︎ HANA, KCE, TU and CPF, which benefit from the weakening baht.
▪︎ CBG, ICHI, SAPPE, RBF, DOD, PTG, and TACC, which benefit from positive news on hemp production and its general use.
The SET Index closed at 1,575.13 on Thursday, up 2.08 points or 0.13 per cent. Total transactions amounted to Bt102.01 billion with an index high of 1,584.61 and a low of 1,569.87.