#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.
SET volatile from drop in oil price, uncertainty over Covid vaccine
EconSep 10. 2020
By The Nation
The Stock Exchange of Thailand was highly volatile in the morning session of Wednesday (September 9) after the price of oil dropped to below US$40 per barrel for the first time in three months and AstraZeneca announced it was postponing the third phase of Covid-19 vaccine clinical trials due to severe side effects.
However, experts said SET technically rebounded in the afternoon session after falling almost 40 points for the first time in three working days. The index closed at 1,293.40, down 0.40 points.
Total transactions amounted to Bt47.5 billion with an index high of 1,295.55 and a low of 1,276.38. Foreign and institutional investors made net sales of Bt812 million and 73.30 million, respectively.
Wikij Tirawannarat, Bualuang Securities’ director of individual customer research, said the Thai stock market will fluctuate sideways and downwards due to domestic and international economic and political situations, especially the upcoming US presidential election.
“Also, trade volume may not rise much because foreign fund managers take a long summer break between September and October every year,” he said.
He advised long-term investors to purchase stocks gradually when the index falls because the economic downturn should be resolved soon.
“For short-term investors, we advise speculating in line with market trends, especially with stocks in SET 50 index. We recommend selling stocks when the index rises by 3-5 per cent and buying stocks when the index falls,” he added.
Meanwhile, Koraphat Vorachet, Capital Nomura Securities’ director of research and investment, said the Thai stock market was currently fluctuating sideways to sideways down due to the lack of positive sentiments to boost investment and international factors.
“We expect the index to fluctuate between 1,270 and 1,301 during this time,” he said.
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