Sunday, June 13, 2021

business

Rising inflation, outflow of foreign funds give limited upward room for SET


The Stock Exchange of Thailand (SET) Index fell by 15.62 points or 1.01 per cent to 1,533.86 at 10.18am on Monday. The volume of total transactions was THB16.56 billion with an index high of 1,544.64 and a low of 1,529.69.

Krungsri Securities forecast that the SET Index on Monday would fluctuate between 1,540 and 1,560 points despite hopes of a global economic recovery after the US showed strong economic data.

"The index would be under pressure due to uncertainty over rising inflation, the outflow of foreign funds and Thailand's higher Covid-19 cases," Krungsri Securities said.

It recommended that investors buy:

▪︎ PTT, PTTEP, PTTGC and IVL, which benefit from the rising oil price.

▪︎ HANA, KCE, TU, CPF and EPG, which benefit from the weakening baht.

▪︎ ADVANC, INTUCH and WHAUP, which pay high dividends.

 

The SET Index closed at 1,549.48 on Friday, up 1.35 points or 0.09 per cent. The volume of total transactions was THB97.35 billion with an index high of 1,558.86 and a low of 1,532.29.

Published : May 17, 2021

By : The Nation