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SET gets a boost from rising oil price as Opec-plus defers production hike
EconNov 03. 2020
By The Nation
The Stock Exchange of Thailand (SET) Index rose by 11.09 points, or 0.92 per cent, to 1,213.25 in the morning session on Tuesday.
An analyst at Krungsri Securities expected the day’s index to rise to between 1,210 and 1,215 before falling from rising oil price after Opec+ postponed its plan to increase its output.
“However, uncertainty over European countries’ second lockdown to contain the spread of Covid-19 would pressure the index,” he said.
He recommended that investors buy TU, STGT, STA, CBG, IVL, AP, COM7, SYNEX, ASIAN, HANA, SVI and TVO, whose third-quarter performances are expected to improve.
The SET Index closed at 1,202.16 on Monday, up 7.21 points or 0.60 per cent. The volume of total transactions was Bt40.73 billion with an index high of 1,202.55 and a low of 1,191.44.
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