Investors await Fed signals on economic direction, fiscal policy #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Investors await Fed signals on economic direction, fiscal policy

EconAug 26. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 2.46 points, or 0.19 per cent, to 1,313.53 in morning session on Wednesday (August 26).

A stock analyst at Krungsri Securities expected the index to fluctuate between 1,310 and 1,325 despite the rising oil price and ongoing progress of US-China trade talks.

“The price of oil rose after the US cut oil production in the Gulf of Mexico due to a hurricane,” he explained.

“However, investors would delay trading to follow US Federal Reserve’s speech on Thursday to seek signs of economic direction and monetary policy.”

He recommended that investors buy:

▪︎ Energy stocks that benefit from the rising oil price, such as PTTEP, TOP, PTTGC, IVL and SPRC.

▪︎ Stocks whose third-quarter performance will improve, such as CPF, GFPT, TU, Asian, KCE, Hana, Delta, HMPro, Global, DoHome, Com7, JMT, CHG, BCH, PTG, PlanB and CBG.

The SET Index closed at 1,315.99 on Tuesday (August 25), down 1.12 points or 0.08 per cent. Total transactions amounted to Bt56.355 billion with an index high of 1,327.42 and a low of 1,315.13.

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