Tuesday, March 09, 2021

SET rallies over positive Covid-19 vaccine news, global trade recovery hopes, rising oil price

Nov 11. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index rose by 3.88 points, or 0.29 per cent, to 1,345.12 in the morning session on Wednesday.

An analyst at Krungsri Securities expected the day’s index to rise to between 1,350 and 1,360 points from positive news of Covid-19 vaccine development, hopes for a global trade recovery and the rising oil price.

“However, investors should beware of market volatility from the overbought signal,” he said.

He recommended investors buy:

> AOT, Mint, Centel, IVL, PTTGC, Top, KBank, SCB and BBL that benefit from positive news of a Covid-19 vaccine.

> STGT, STA, EPG, Com7, Synex, Hana, SVI and TVO, whose third-quarter performance is expected to improve.

The SET Index closed at 1,341.24 on Tuesday, up 55.36 points, or 4.31 per cent. The volume of total transactions was Bt166.67 billion, with an index high of 1,346.72 points and a low of 1,313.04.

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