Thai stock market gets a boost from peaceful protests, but worrying factors linger

  • Thailand
  • Monday, 21 Sep 2020

BANGKOK, Sept 21 (The Nation/ANN) - The Stock Exchange of Thailand (SET) Index rose by 2.39 points, or 0.19 per cent, to 1,290.78 in the morning session on Monday (September 21), following massive protests over the weekend that turned out to be peaceful.

An analyst at Krungsri Securities expected the index to fluctuate between 1,280 and 1,295 despite the non-violent anti-government protests at the weekend.

"However, uncertainty following student-led protesters' move to hold a political rally again next month, US-China tensions and foreign investors' cash flow would pressure the index," he said.

He recommended that investors buy:

Stocks whose third-quarter performance will improve, such as TU, ASIAN, COM7, CHG, PTG and PLANB.

Stocks that benefit from the rising oil price, such as PTTEP, TOP and PTTGC.

The SET Index on Friday closed at 1,288.39, up 3.99 points or 0.31 per cent. Total transactions amounted to Bt49.97 billion with an index high of 1,293.29 and a low of 1,280.43.

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