Analysts Expect SET to Slow Down, Seeing an Opportunity to Accumulate Stocks!

Analysts Expect SET to Slow Down, Seeing an Opportunity to Accumulate Stocks!

Krungsri Securities expected SET Index to have a short halt, but would not fall below the support level between 1,340-1,330 points. The security company saw the slowdown as an opportunity for investors to accumulate stocks. Meanwhile, Foreign Investors made a selloff for the first time in three days, and the second time since November 9, 2020, following the depreciation baht. In addition, the move is considered a short halt, and there could be another fund inflow after the U.S. election.

 

Finansia Syrus Securities expected SET Index to move in sideways trends within 1,360-1,380 points as an upside to the index is limited. Even though the U.S. Congress returned to the negotiation for stimulus bills, the sentiment would be pressured after IMF and G-20 revealed that the economic recovery would be slower than anticipated due to the second wave of coronavirus.

 

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