FRIDAY, March 29, 2024
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SET downbeat due to negative factors

SET downbeat due to negative factors

The Stock Exchange of Thailand (SET) Index would fall to between 1,285 to 1,290 points due to negative sentiment caused by worries of a second Covid-19 outbreak, financial reports of numerous corporations, and the SET valuation towards investment, according to a Krungsri Securities forecast on Wednesday (May 13).

However, energy stocks would help stabilise the stock market, after the crude oil price rebounded when Saudi Arabia reduced its oil production by 1 million barrels per day, Krungsri said.
On Wednesday, the securities advised investors to invest in energy stocks, such as PTT, PTTEP, TOP, PTTGC, and SPRC, due to increased crude oil price. At the same time, the stocks of retail stores, such as CRC, CPN, HMPRO, GLOBAL, COM7, and DOHOME were interesting, since the Centre for Covid-19 Situation Administration aimed to reopen them.
In addition, the stocks calculated in the MSCI Thailand Index were AWC, BAM, and KTC.
The SET index on Tuesday closed at 1,229 points, increasing from Monday by 12.39 points or 0.96 per cent. Total transactions amounted to Bt59.394 billion with an index high of 1,301.88 and a low of 1,283.87.

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