SATURDAY, April 20, 2024
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Virus keeps pressure on SET index

Virus keeps pressure on SET index

The Stock Exchange of Thailand (SET) index closed at 1,364.57 on Friday (March 6), for a decrease of 26.26 points and 1.89 per cent over Thursday’s close.

Daily trade volume was Bt52.201 billion, with an index high of 1,374.20 and a low of 1,359.75.
A stock analyst at Krungsri Securities speculated that the index would fall between 1,360 and 1,370 points before rebounding due to uncertainty over the Covid-19 situation, which is becoming more severe in the United States and elsewhere.
“Investors are still under pressure, which can be seen in the rising gold price and declining US bond yields,” he said.
“However, the index will rebound on internal positive sentiment after the Cabinet signalled its readiness to consider the first set of Covid-19 relief measures worth Bt100 billion, including an adjustment of Super Savings Fund criteria, making it similar to the Long-term Equity Fund.” 
The 10 stocks with the highest trade value today were PTT, CPALL, BAM, ADVANC, KBANK, SCB, AOT, GPSC, PTTEP and TOP.
Elsewhere in Asia:
Japan’s Nikkei Index closed at 20,749.75, down 579.37 points or 2.72 per cent.
China’s Shanghai SE Composite Index closed at 3,034.51, down 37.17 or 1.21 per cent.
Shenzhen’s SE Component Index closed at 11,582.82, down 128.56 or 1.10 per cent.
Hong Kong’s Hang Seng Index closed at 26,146.67, down 621.20 or 2.32 per cent.
South Korea’s KOSPI Index closed at 2,040.22, down 45.04 or 2.16 per cent.
Taiwan’s TAIEX Index closed at 11,321.81, down 193.01 or 1.68 per cent.

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