Friday, July 30, 2021

business

US infrastructure investment plans, oil price lift SET sentiment


The Stock Exchange of Thailand (SET) Index gained 7.16 points, or 0.45 per cent, to 1,592.88 on Friday morning.

Krungsri Securities expected the stock market to move between 1,595 to 1,600, in response to the US government’s resolution to invest in infrastructure in a bid to stimulate the country’s economy. Also, the oil price this time was a related factor.

The securities firm suggested that investors buy PTT, PTTEP and BANPU, due to the current price of oil. It also suggested "buys" for HANA, KCE, TU, CPF and EPG, which will gain from the weakening baht.

With the planned reopening of the country in a few months, Krungsri Securities recommended for buying: BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN, CRC, AAV, AMATA, WHA, BEM and BTS.

Published : June 25, 2021

By : The Nation