SET falls as investors await US Fed policy

News
The Stock Exchange of Thailand (SET) Index fell by 1.41 points, or 0.11 per cent, to 1,321.14 in the morning session today (August 27).

A stock analyst at Krungsri Securities expected the index to fluctuate between 1,315 and 1,330 points despite Germany and France moving to issue economic stimulus measures.

“However, we expect investors to delay trading as they follow the US Federal Reserve meeting today and tomorrow to seek signs of economic direction and monetary policy, resulting in the index volatility,” he said.

He recommended investors buy:

> Energy stocks that benefit from the rising oil price, such as PTTEP, Top, PTTGC, IVL and SPRC.

> Stocks whose third-quarter performance will improve, such as CPF, GFPT, TU, Asian, KCE, Hana, Delta, HMPro, Global, DoHome, Com7, JMT, CHG, BCH, PTG, PlanB, CBG and Tasco.

The SET Index closed at 1,322.55 yesterday, up 6.56 points, or 0.50 per cent. Total transactions amounted to Bt48.65 billion, with an index high of 1,323.97 and a low of 1,311.14 points.

https://www.nationthailand.com/business/30393597

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