The Thailand Stock Index closed up 4.47 points at 1,404.84 points on December 21, 2023 with a trade value of 38,760.88 million baht. Net foreign buyers were 479.25 million baht.
Top traded stocks: PTT 35 baht, minus 0.25 baht, PTTGC 37.75 baht, minus 2.75 baht, Delta 91 baht, plus 1.25 baht, AOT closed at 60.50 bbms, 60.50 baht. 26 baht, unchanged.
Thai stocks are moving better than regional stock markets. This was supported by buying pressure from electronics and power plant stocks as US bonds continued to decline. There are certain positive factors that favor it during the power plant group.
Asia Plus Securities’ research department said in an analysis. The outlook for the Thai stock market during this period is one of well-distributed growth. Looks strong, trade groups or reversed earlier periods of the sector cycle. ESG-based stocks are becoming more and more important.
Therefore, it is recommended to gradually accumulate stocks to focus on ESG with outstanding profit growth trends or high dividends. High ESG rating and high dividend stocks include SIRI, BRI, TISCO, ORI, SPALI, SC, LH, INTUCH, AP, TTCL. , MAJOR, BBL., ADVANC, KBANK, HMPRO
As for stocks with high ESG rating, CK, GULF, CRC, BEM, CPALL, MINT are among the pending profit growth.
TISCO Securities commented that ESG stocks supported the SET to stand above 1,400 points again. It is backed by investment capital of over 1.3 billion ESG funds. Analysts think investments from ESG funds will continue to hit the market in the latter part of the year. That’s because many more funds will close their IPOs next week and enter the streaming trading system by the end of the year.
Total inflows from ESG funds into the market are expected to reach 10 billion baht, a major supporting factor for the Thai stock market in early 2024.
As for ADVANC’s share price, which rose sharply after a court overturned an arbitration award that sued True for NT$5.4 billion, analysts thought the market may have absorbed the bad news. ADVANC has positive factors supporting the expansion of 5G network and continuously growing earnings trend, so consider it an opportunity to buy and accumulate!!
Index 51
“Avid gamer. Social media geek. Proud troublemaker. Thinker. Travel fan. Problem solver.”