Friday, July 30, 2021

business

SET expected to move sideways as investors watch US Fed meeting


The Stock Exchange of Thailand (SET) Index rose by 1.79 points, or 0.11 per cent, to 1,634.85 on Tuesday morning. The volume of total transactions was THB3.65 billion with an index high of 1,636.10 and a low of 1,632.72.

The SET Index closed at 1,633.06 on Monday, down 3.50 points or 0.21 per cent. Transactions totalled THB85.11 billion with an index high of 1,642.80 and a low of 1,629.33.

Krungsri Securities predicted that the SET Index would fluctuate between 1,625 and 1,645 points amid hopes of Thailand reopening after mass vaccination commenced nationwide last week, as well as the rising oil price.

"Investors keeping a watch on the US Federal Reserve's meeting on June 15-16 and news of many hospitals in Thailand postponing the vaccination drive could pressure the index," Krungsri Securities said.

It recommended that investors buy:

▪︎ PTT, PTTEP, TOP, IVL, BANPU, PSL and TTA, which benefit from the global economic recovery.

▪︎ BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN, CRC, AAV, AMATA and WHA, which would benefit from the country's reopening.

▪︎ KCE, IRPC, STA and STGT, expected to be listed on the SET50 Index in mid-June.

▪︎ AAV, BLA, ICHI, PSL, PTL, SINGER, STARK, STGT and SYNEX, expected to be listed on the SET100 Index in mid-June.

Published : June 15, 2021

By : The Nation