Daily Strategy: AWS Recommends Banking and Reopening Stocks amid Ukraine-Russia Crisis

Major stock markets in Asia traded in a mixed session as investors are monitoring the situation in Ukraine after the invasion by Moscow.

As of 10:05 local time in Thailand on February 28, 2022, Nikkei fell 0.31%, SSEC dropped 0.26%, Hang Seng Index decreased 1.48%, ASX 200 increased 0.33% and IDX Composite increased 1.03%.

Thailand’s SET Index opened at 1,678.44 points, decreased 1.46 points or 0.09%.


Asia Wealth Securities (AWS) expected the SET this week (28 Feb – 4 Mar) to move in a frame of 1,655-1,715 points (support 1,665-1,655 points, resistance 1,700-1,715 points). SET last week closed at 1,679.9 points, down 33.3 points (-1.94%), trading volume Bt100bn per day, an increase of 6.6% WoW. Issues to be covered this week include (1) Statement of the Federal Reserve Chairman (Fed) to Congress between 2-3 Mar. (2) OPEC+ meeting on 2 Mar and (3) Ukraine and Russia situation that is still uncertain, although there are currently positive signs of the increasing likelihood of negotiations to end the war, the date has not yet been set causing the situation is still highly uncertain. Even though the SET still has a chance to fluctuate, AWS weight stocks in the hospital sector choosing BDMS and BH, tourism-related stocks choosing AOT, MINT and ERW, domestic transportation choosing BEM and DMT, and banking choosing KBANK, BBL, SCB and TTB.