SET expected to be uneasy as verdict looms in case against Prayut #SootinClaimon.Com

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SET expected to be uneasy as verdict looms in case against Prayut (nationthailand.com)

SET expected to be uneasy as verdict looms in case against Prayut

EconDec 01. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 10.77 points, or 0.76 per cent, to 1,419.08 in the morning session on Tuesday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,400 and 1,420 despite the rise in other Asian indices in the morning session.

“We expect the SET to face high volatility as investors are delaying their trade to follow the Opec+ meeting and the Constitutional Court ruling in a case against Prime Minister General Prayut Chan-o-cha, as well as uncertainty over the Covid-19 pandemic,” he said.

He recommended that investors buy:

▪︎ AMATA, WHA, SAT and AH that will benefit from the Regional Comprehensive Economic Partnership pact.

▪︎ PTTEP, PTTGC, TOP, IVL and SPRC that benefit from the rising oil price.

The SET Index closed at 1,408.31 on Monday, down 29.47 points or 2.05 per cent. Total transactions amounted to Bt120 billion with an index high of 1,435.04 and a low of 1,408.02.

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