A stock analyst expected the index to fall to between 1,280 and 1,285 as global indices slumped after the US Federal Reserve chairman warned that the US economy would face unprecedented risks from Covid-19 and uncertainty following the second wave of the outbreak.

“In addition, the mass sell-off during the final lap of the first quarter performance announcement would pressure the investment direction,” the stock analyst said.

“However, the index would rebound from hopes of the Centre for Covid-19 Situation Administration easing more lockdown measures after there were no new cases of Covid-19 on Wednesday [May 13].”

He advised investors to buy stocks as follows:

● Energy stocks, such as PTT, PTTEP, TOP, PTTGC, and SPRC, due to increased crude oil price.

● Retail stocks, such as CRC, CPN, HMPRO, GLOBAL, COM7, and DOHOME, due to CCSA’s aimed to ease more lockdown measures.

● Stocks calculated in the MSCI Thailand Index were AWC, BAM, and KTC.