Limited room for SET to rise amid mix of factors hurting sentiment #SootinClaimon.Com

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Limited room for SET to rise amid mix of factors hurting sentiment (nationthailand.com)

Limited room for SET to rise amid mix of factors hurting sentiment

EconDec 15. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 6.10 points, or 0.41 per cent, to 1,470.03 in the morning session on Tuesday.

An analyst at Krungsri Securities expected the day’s index to fall to between 1,465 and 1,470 due to lack of factors to stimulate investment.

“Besides, the SET would be under pressure from the slowdown in foreign funds flows, uncertainty over the Bank of Thailand’s measures to curb the baht’s appreciation and the index’s tight valuation,” he said

He recommended that investors buy:

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

▪︎ MINT, CENTEL and AOT that benefit from positive news of Covid-19 vaccine.

▪︎ BAM, DELTA and COM7, which are expected to be listed in the SET50 Index.

▪︎ JMART, which is expected to be listed in the SET100 Index.

The SET Index closed at 1,476.13 on Monday, down 6.54 points or 0.44 per cent. Total transactions amounted to Bt107.3 billion with an index high of 1,495.18 and a low of 1,471.56.

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