Major stock markets in Asia traded in a mixed session on Wednesday after a series of losses earlier this week as investors continued to monitor the situation in Ukraine.
As of 10:15 local time in Thailand, Nikkei rose 0.74%, SSEC fell 0.50%, Hang Seng Index dropped 1.21%, ASX 200 gained 0.95% and IDX Composite increased 0.45%.
Thailand’s SET Index opened at 1,626.73 points, increased 7.63 points or 0.47%.
Mr. Chaiyot Jiwangkul, Assistant Director of Krungsri Securities (KSS), through “Kaohoon Jor Talad Program” on March 9, 2022, stated that the situation between Russia and Ukraine was slightly better than yesterday, following Russian conditions to stop the invasion and NATO’s reluctant in allowing Ukraine to join the group, expecting a technical rebound for a short speculation in the stock market.
As of investment theme, Mr. Jiwangkul recommended domestic and commodity plays, picking Siam Makro Public Company Limited (SET: MAKRO) on consumer products and Thai Oil Public Company Limited (SET: TOP) on rising refining margin while having limited downside.
