SET up, but oil price, US Treasury yield could see index fluctuate
The Stock Exchange of Thailand (SET) Index rose by 5.86 points or 0.37 per cent to 1,593.07 points in the morning session on Thursday.
Krungsri Securities predicted that the SET would move between 1,580 and 1,600 points on Thursday, despite positive news of a $2.26-trillion ten-year US stimulus plan.
The factors that would cause the index to fluctuate include the decreased price of crude oil and a rise in the US Ten-Year Treasury yield, Krungsri Securities said.
It suggested investors purchase:
> EA, GPSC and BPP shares as these firms will benefit from government support on electric vehicles.
> AOT, Mint, Centel, AAV, BA, CPN, CRC, Major, BDMS and BH, which benefit from Covid-19 vaccines in Thailand, as well as the government’s ambitious plan to reopen the country to foreign tourists.
> Hana, KCE, TU and CPF, which could gain from a weakened baht.
> ICHI, Sappe, RBF, DOD, IP, TACC, Gunkul, Kiss and PTG, which benefit from the use of hemp.
