Thai stocks sluggish amid lack of positive sentiment
The Stock Exchange of Thailand (SET) Index fell by 1.87 points, or 0.12 per cent, to 1,586.28 on Tuesday morning. The volume of total transactions was THB16.48 billion with an index high of 1,586.82 and a low of 1,578.43.
Krungsri Securities forecast that the SET Index would fluctuate between 1,560 and 1,575 points amid insufficient positive sentiment.
Meanwhile, it predicted that the index would be under pressure from worries over the outflow of foreign funds and increasing Covid-19 cases in Thailand.
"However, mass buy-ups of stocks that gain positive sentiment and whose first-quarter performance is likely to improve would help boost the index,” Krungsri Securities said.
It recommended that investors buy:
▪︎ PTT, PTTEP, PTTGC and IVL, which benefit from the rising oil price.
▪︎ PSL, TTA and RCL, which would benefit from a rise in the freight rate.
▪︎ PTTGC, EPG, CPF, BCH, CHG, STGT, STA, DOHOME, COM7, SYNEX, STARK, TWPC and WICE, whose first-quarter turnover was expected to improve.
The SET Index closed at 1,588.15 on Monday, up 3.12 points or 0.20 per cent. Total transactions amounted to THB111.86 billion with an index high of 1,596.80 and a low of 1,576.79.
