The SET Index fell again on Friday after Russia attacked Ukraine nuclear plant as invasion advanced.
At 15.34 hrs. local time in Thailand, the SET Index dropped 17.50 points or 1.03 percent to 1,678.58 points, with a trading value of THB63,502 million.
Ukraine’s state emergency service said on Friday, a fire broke out in a training building outside the largest nuclear plant in Ukraine during an intense fight between Russia and Ukraine.
A spokesperson for the Zaporizhzhia nuclear power plant told RIA that background levels of radiation had not changed. Radiation security had been secured, the plant’s director told Ukraine 24 TV.
Ukrainian Foreign Minister Dmytro Kuleba wrote on Twitter, “Russian army is firing from all sides upon Zaporizhzhia NPP, the largest nuclear power plant in Europe”.
“Fire has already broken out … Russians must IMMEDIATELY cease the fire, allow firefighters, establish a security zone!”
Asia Plus Securities stated that traders will sell to reduce the rise from holding across the week following the escalation of the Russia-Ukraine conflict. Businesses are bearing higher cost as energy prices are rising, not only powerplant plant firms but also construction material firms. Furthermore, Thailand reported more than 65,000 new COVID-19 cases (RT-PCR + ATK) yesterday, which is likely to increase further, hindering economic recovery.
In the short term, traders may sell to take profit and avoid risk.
ASPS recommended big-cap stocks that are not affected by Russia-Ukraine tension. Top picks are Total Access Communication Plc. (SET: DTAC), Siam Makro Plc. (SET: MAKRO) and Airports of Thailand Plc. (SET: AOT).
