Wednesday, September 23, 2020

SET ends week higher on relief packages 

Mar 27. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,099.76 today (March 27) for an increase of 7.80 points or 0.71 per cent from Thursday’s close.

Total transaction volume was Bt65.440 billion with an index high of 1,124.28 and a low of 1,089.14.

A stock analyst at Krungsri Securities expected the index to fluctuate at between 1,080 and 1,100 today.

“The market gained support from governments worldwide issuing measures to deal with the Covid-19 impact. The European Parliament approved a 37-billion euro emergency fund to help European airlines, while the US House of Representatives will vote on the $2-trillion bill before forwarding it to US President Donald Trump for final approval,” the stock analyst said.

“Meanwhile, funds’ move for window dressing to close the net asset value in the first quarter of this year would be a positive sentiment for investment.

“However, crude price dropped after the US suspended its plan to purchase 30 million barrels of oil for the Strategic Petroleum Reserve, and the volatility due to the change in TFEX Series from H20 to M20 which will make a last trade on March 30, would weight on the SET index ".

The top ten stocks with the highest trade values today were PTT, GULF, BAM, CPALL, ADVANC, KBANK, SCB, AOT, PTTEP, and BBL.

As of 5pm, Asian markets were mixed, while European stocks were on the slide. 

In other regional bourses, Japan’s Nikkei Index closed at 19,389.43, up 724.83 points, or 3.88 per cent.

China’s Shanghai SE Composite Index closed at 2,772.20, up 7.29 points, or 0.26 per cent, while Shenzhen SE Component Index closed at 10,109.91, down 45.45 points, or 0.45 per cent.

Hong Kong’s Hang Seng Index closed at 23,484.28, up 131.94 points, or 0.56 per cent.

South Korea’s KOSPI Index closed at 1,717.73, up 31.49 points, or 1.87 per cent.

Taiwan’s TAIEX Index closed at 9,698.92, down 37.44 points, or 0.38 per cent.

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