ASPS recommends safe stocks, holding cash as cases mount
published : 9 Jul 2021 at 04:00 A new lockdown is expected to negatively affect the stock market.
The handling of the pandemic remains a worry and with a looming lockdown expected to be announced today, the Thai stock market took a tumble.
The lockdown is expected to negatively affect the profits of four top sectors, namely automobiles, media and publications, transport and logistics, and construction.
The SET Index fell 32.93 points yesterday to close at 1,543.67, in trade worth 111 billion baht.
The prime minister convened a meeting with the pandemic control committee today to assess the situation and seek solutions. They are expected to conjure up more control measures before proposing them to the cabinet next week, according to Therdsak Thaveeteeratham, executive vice-president at Asia Plus Securities (ASPS).