Rising inflation, overbought stocks could rein in SET #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40001661

Rising inflation, overbought stocks could rein in SET


The Stock Exchange of Thailand (SET) Index dropped by 0.07 points, or 0.36 per cent, to 1,616.36 at 10am on Friday. The volume of total transactions amounted to THB9.52 billion with an index high of 1,616.91 and a low of 1,613.13.

Rising inflation, overbought stocks could rein in SET

Krungsri Securities forecast that the SET Index would fluctuate between 1,605 and 1,625 points despite hopes of an economic recovery as mass Covid-19 vaccinations gather strength worldwide, and the price of oil continues to rise.

The index would be under pressure due to uncertainty over rising inflation and signs of overbought stocks, Krungsri Securities said.

It recommended that investors buy:

▪︎ PTT, PTTEP, PTTGC, TOP, IVL and BANPU, which benefit from the global economic recovery.

▪︎ BCH, CHG, BDMS, MINT, CENTEL, AOT, CPALL, HMPRO, CPN and CRC, which will benefit from the country’s reopening.

▪︎ KCE, IRPC, STA and STGT, expected to be listed on the SET50 Index in mid-June.

▪︎ AAV, BLA, ICHI, PSL, PTL, SINGER, STARK, STGT and SYNEX, expected to be listed on the SET100 Index in mid-June.

The SET Index closed at 1,617.55 on Wednesday, down 1.04 points or 0.06 per cent. Transactions totalled THB101.45 billion with an index high of 1,627.67 and a low of 1,612.94.

The market was closed on Thursday to mark HM the Queen’s birthday.

Published : June 04, 2021

By : The Nation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s