Daily Strategy: ASL Sees 1,660pts a Solid Ground for SET Index prior to Reopening
ASL Securities expected 1,660 points to be a solid ground for SET Index to push higher before the reopening in November.
ASL Securities expected 1,660 points to be a solid ground for SET Index to push higher before the reopening in November.
19 ต.ค. 2564

Major stock markets in Asia traded higher on Tuesday, following the S&amp;P 500 and Nasdaq Composite recorded their fourth winning streak amid a pullback in oil price overnight.
 
On October 19, 2021, Thailand’s SET Index opened at 1,647.58 points, increased 3.66 points or 0.22%.
As of 10:17 local time in Thailand, Nikkei rose 0.65%, Shanghai Composite gained 0.51%, Hang Seng Index jumped 1.37%, ASX 200 increased 0.17% while IDX Composite fell 0.57%.
Last night, Dow Jones closed slightly lower by 0.10% while S&amp;P 500 gained 0.34% and Nasdaq rose 0.84%.
In an early trading session of Asian markets, Brent crude slipped 0.07% to $84.27 per barrel and WTI dipped 0.01% to trade at $82.43 a barrel.
 
Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities Co.,Ltd., through “Kaohoon Jor Talad Program” on October 19, 2021, stated that the regional markets edged higher following gains in Shanghai and Shenzhen stock markets, sending positive sentiment to other Asian markets.
The analyst stated that the Thai stock market should stand above 1,660 points to gain a solid ground before the actual reopening after being unable to trade firmly above the aforementioned level, while local institutions keep on selling and foreign investors and proprietary trading accumulate stocks.
Mr. Suktae recommended JMART (S40/R46), SAT (S18-19/R21-22), HANA (R80-85), COM7 (S70/R75) and KBANK (TP150 short-term play).