SET rises, but worries linger of mass sell-offs before Oct 14 protest #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

SET rises, but worries linger of mass sell-offs before Oct 14 protest

EconOct 12. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 3.38 points, or 0.27 per cent, to 1,270.52 in the morning session on Monday.

An analyst at Krungsri Securities expected the index to fluctuate between 1,260 and 1,275 despite the ongoing progress in talks on US economic stimulus measures.

“Uncertainty over mass sell-offs in shares to mitigate risks from the political rally on October 14 and the weak third-quarter performance of commercial banks would pressure the index,” he said.

As an investment strategy, he recommended that investors buy:

▪︎ CRC, HMPRO, JMART, COM7, and KTC that benefit from the government’s “Shop Dee Mee Kuen” (Shop and Payback) scheme.

▪︎ TU, PLANB, STGT, COM7, ASIAN and CBG whose third-quarter performance is expected to grow.

The SET Index closed at 1,267.14 on Friday, down 7.69 points or 0.60 per cent. Total transactions amounted to Bt51 billion with an index high of 1,280.81 and a low of 1,264.24.

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