By The Nation
The total worth of transactions on Tuesday stood at Bt98.954 billion with an index high of 1,220.67 and a low of 1,173.14.
A stock analyst at Krungsri Securities said the index is expected to rise between 1,165 and 1,190 points as the market is responding positively to the slowdown in the number of new Covid-19 infections and fewer deaths worldwide.
“The number of patients in the US was only 8.2 per cent versus last week’s 12.3 per cent, while in Thailand the number of cases has dropped by almost 50 per cent. This proves that the lockdown and the night-time curfew is helping to mitigate the situation,” he said.
“The market is also gaining support from the government’s economic stimulus measures and the global cut in interest rates.”
He added that in Thailand, the government has issued a third phase of Covid-19 relief measures worth Bt1.9 trillion, resulting in investors having more confidence in market conditions.
“However, the index may be affected now that Opec and its partners have delayed a key meeting to April 9,” the analyst said.
The top 10 stocks with the highest trading value on Tuesday were BAM, PTT, AOT, GULF, PTTEP, CPALL, ADVANC, GPSC, INTUCH, and PTTGC.
The price of crude oil rose by US$0.97 or 3.72 per cent to $27.05 per barrel, while the price of gold rose by $7.20 or 0.43 per cent, to $1,701.10 per ounce.
As of 5pm on Tuesday, most regional stock markets closed high:
Japan’s Nikkei Index closed at 18,950.18, up 373.88 points, or 2.01 per cent.
China’s Shanghai SE Composite Index closed at 2,820.76, up 56.78 points, or 2.05 per cent, while Shenzhen SE Component Index closed at 10,428.91, up 318.80 points, or 3.15 per cent.
Hong Kong’s Hang Seng Index closed at 24,253.29, up 504.17 points, or 2.12 per cent.
South Korea’s KOSPI Index closed at 1,823.60, up 31.72 points, or 1.77 per cent.
Taiwan’s TAIEX Index closed at 9,996.39, up 177.65 points, or 1.81 per cent.