SET gets temporary lift from signs of economic recovery in Europe
The Stock Exchange of Thailand (SET) Index rose by 12.26 points, or 0.79 per cent, to 1,561.42 at 10.03am on Tuesday. The volume of total transactions was THB6.82 billion with an index high of 1,562.86 and a low of 1,558.92.
Krungsri Securities expected the SET Index to rise to 1,560 on hopes of an economic recovery after many European countries eased lockdown measures, resulting in oil price going up.
However, it warned investors to beware of mass sell-offs of shares to prevent risks from uncertainty over inflation, the outflow of foreign funds and Thailand's rising Covid-19 cases.
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.
▪︎ BDMS, BCH and CHG, which gained positive sentiment from the import of Covid-19 vaccine.
The SET Index closed at 1,549.16 on Monday, down 0.32 points or 0.02 per cent. The volume of total transactions was THB98.56 billion with an index high of 1,554.08 and a low of 1,529.69.
