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SET rises on hopes of Covid-19 vaccine, but political tensions casts a shadow
EconNov 17. 2020
By The Nation
The Stock Exchange of Thailand (SET) Index rose by 3.21 points, or 0.24 per cent, to 1,354.27 in the morning session on Tuesday.
An analyst at Krungsri Securities expected the day’s index to rise over positive news of Moderna’s Covid-19 vaccine found to be nearly 95 percent effective in a preliminary analysis.
However, there is limited upside room for the SET due to the country’s political unrest, he said, adding that the index would move between 1,345 and 1,360 points.
He suggested that investors buy BEM, BTS, GPSC, PSH, ROJNA and SIRI whose third-quarter performance were expected to improve.
The SET Index closed at 1,351.06 on Monday, up 4.59 points or 0.34 per cent. The volume of total transactions was Bt78.50 billion with an index high of 1,365.87 and a low of 1,351.04.