SET stages recovery despite Omicron, Fed concernsThe Stock Exchange of Thailand Index (SET) rebounded yesterday after declining by nearly 80 points, or 4.8%, over the previous three days, amid concerns over the Covid-19 Omicron variant and the US Federal Reserve's faster than expected tapering of quantitative easing (QE). As for medium- to long-term investment, he recommends stocks that were devalued because of pandemic pressures. Apichat Poobunjirdkul, senior strategist at Tisco Securities, said the SET Index would plummet to 1,500-1,520 points in the worst-case scenario. Tisco recommends stocks least affected by the pandemic for short-term investment strategies, such as communications, logistics and banking. The SET Index yesterday rose 1.41% to close at 1,590.81 points, with trade worth 93.9 billion baht.

Source: Bangkok Post December 02, 2021 04:08 UTC