SET extends gains, but Covid-19 fears cast shadow #SootinClaimon.Com

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SET extends gains, but Covid-19 fears cast shadow (nationthailand.com)

SET extends gains, but Covid-19 fears cast shadow

EconDec 23. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 7.55 points, or 0.53 per cent, to 1,431.94 in the morning session on Wednesday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,415 and 1,435 points amid an influx of foreign funds.

“However, uncertainty over the coronavirus mutation in Britain and fears of a new Covid-19 wave in Thailand would pressure the index,” he predicted, adding that some Thai provinces have already imposed lockdown measures to curb the spread of the virus.

He recommended investors buy:

> TQM, BLA, STGT, AJ, PTL, Synex and Com7, which actually benefit from a fresh Covid-19 outbreak.

> PTTEP, PTTGC, Top and IVL, which benefit from the rising oil price, while their fourth-quarter performance is expected to improve.

The SET Index closed at 1,424.39 on Tuesday, up 22.61 points, or 1.61 per cent. Total transactions amounted to Bt87.82 billion, with an index high of 1,428.11 points and a low of 1,388.23.

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