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SET offers opportunity for investment during short-term correction
EconNov 20. 2020
By The Nation
The Stock Exchange of Thailand (SET) Index rose by 4.31 points, or 0.31 per cent, to 1,373.73 in the morning session on Friday.
An analyst at Krungsri Securities expected the index during the day to face short-term correction as foreign investors made net sales for the first time in three days.
“However, we don’t expect the index to fall below the support line between 1,330 and 1,340,” he said, adding that this is an opportunity for investors to increase investment.
He recommended that investors buy:
▪︎ KBANK, KTB, LH and SIRI that benefit from the ongoing Covid-19 vaccine development.
▪︎ AMATA, WHA, SAT, AH, and RCL that will benefit from the Regional Comprehensive Economic Partnership pact.
The SET Index closed at 1,369.42 on Thursday, up 4.83 points or 0.35 per cent. The volume of total transactions was Bt82 billion with an index high of 1,375.02 and a low of 1,362.41.