Major stock markets in Asia traded lower on Friday as investors continued to monitor the development between Russia and Ukraine as uncertainties remained high.
As of 10:15 local time in Thailand, Nikkei fell 2.09%, SSEC dipped 0.27%, Hang Seng Index plunged 2.26%, ASX 200 decreased 0.99%. Meanwhile, IDX Composite rose 0.83%.
Thailand’s SET Index opened at 1,684.48 points, decreased 11.60 points or 0.68%.
Mr. Kantara Ladawan na Ayutthaya, executive director of Finansia Syrus Securities (FSS), through “Kaohoon Jor Talad Program” on March 4, 2022, stated that the situation in Ukraine raised concerns to the market as investors still see no sign of easing or ending. As for investment strategy, Mr. Ladawan recommended hospital stocks such as BDMS (FV 29), domestic consumption such as CPALL and OSP, and TOP for energy play.
In addition, Mr. Ladawan expects oil prices to continue on an uptrend, which would benefit the Thai stock market due to the majority of stocks being in the energy sector.
