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Broker warns the stock market crash 1,400 points, the domestic blockdown factor

SET Index, the last day of 2020, closed at 1,449.35 points, volatility due to the trading force of DELTA shares. ‘Kasikorn Securities’ estimates the index dropped 1,400 points after the New Year festival, the number of cases of infection in the country soared – the government announced a continuous lockdown

Mr. Soraphon Weerameteekul Senior Director of Securities Analysis Kasikorn Securities (Securities Company) Co., Ltd. disclosed the overview of the Thai stock market on December 30, 2020, the last business day of this year. Therefore, the SET (SET Index) closed at 1,449.35 points, down 12.60 points or down by 0.86% and has a total turnover of 87,544.52 million baht, in line with the research’s forecast that the SET Index will face volatility from trading. Ongoing DELTA stocks

While in 2021, it was estimated that the number of people infected with COVID-19 In the country will accelerate itself Including spreading into a wave after the New Year festival The index frame was assessed in the event of partial lockdowns between 1,400-1,420 points and in the event of locking down all areas between 1,360–, 377 points. However, the 2021 SET Index target remained at 1,510-1,550 points.

“The first 2 weeks of the month Jan, 1,400 index drop-offs. We recommend holding STGT and TQM over the year, but during the period when Value Stocks drop, we recommend buying. By liking the Nonbank group, “said Soraphon.

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