FRIDAY, March 29, 2024
nationthailand

SET rebounds as PM to mull easing of lockdown measures

SET rebounds as PM to mull easing of lockdown measures

The Stock Exchange of Thailand (SET) Index closed at 1,261.81 today (April 22) rising 0.71 per cent or 8.89 points.

Total transactions stood at Bt76.817 billion with an index high of 1,262.43 and a low of 1,231.58.
A Krungsri Securities stock analyst expects the index to drop to between 1,225 and 1,235 before rebounding.
“The market is still being pressured by the drop in crude oil prices owing to uncertainty after a drop in demand, as this will lead to oversupply,” the analyst said.
“Also, investors are concerned about listed companies’ financial results showing a slide in performance due to the Covid-19 situation, which is causing a negative sentiment for investment.”
However, the analyst said the index will rebound over hopes of the lockdown measures being eased once Prime Minister Prayut Chan-o-cha reviews the situation on April 28.
The top 10 stocks with the highest trading values today were GULF, BAM, PTT, GPSC, KBANK, ADVANC, AOT, PTTEP, BGRIM and BBL.
As of 5pm, the price of crude oil dropped by US$0.34 or 2.94 per cent to $11.23 per barrel, while gold rose by $33.20 or 1.97 per cent to $1,721 per ounce.
Most regional indices were also on the rise:
Japans Nikkei Index closed at 19,137.95, down 142.83 points, or 0.74 per cent.
China’s Shanghai SE Composite Index closed at 2,843.98, up 16.97 points, or 0.60 per cent, while Shenzhen SE Component Index closed at 10,617.19, up 110.34 points, or 1.05 per cent.
Hong Kong’s Hang Seng Index closed at 23,893.36, up 99.81 points, or 0.42 per cent.
South Korea’s KOSPI Index closed at 1,896.15, up 16.77 points, or 0.89 per cent.
Taiwan’s TAIEX Index closed at 10,307.74, up 19.32 points, or 0.19 per cent.

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