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.