FRIDAY, March 29, 2024
nationthailand

SET rises as Phase 3 of lockdown easing beckons

SET rises as Phase 3 of lockdown easing beckons

The Stock Exchange of Thailand (SET) Index closed at 1,320.98 today (May 25), up 17.01 points or 1.30 per cent.

Transactions totalled Bt53.806 billion with an index high of 1,323.43 and a low of 1,302.12.
A Krungsri Securities stock analyst expected the index to fluctuate between 1,290 and 1,315 points due to lack of positive sentiment stimulating investment and uncertainty over the US-China trade war.
“The market will gain positive sentiment from the third phase of lockdown easing after the number of Covid-19 cases in Thailand remained stable,” the analyst said.
However, the index would come under pressure from a tight market valuation and uncertainty over tense US-China relations as Beijing sets out to impose a national security law in Hong Kong.
“Investors are also concerned about the economy amid the Covid-19 crisis after China abandoned its GDP growth target this year,” the analyst said.
The 10 stocks with the highest trade values today were BAM, STA, WHA, GPSC, AMATA, BGRIM, CPALL, TRUE, SUPER and GULF.
As of 4.30pm, the crude oil price was up by US$0.22 or 0.66 per cent to $33.47 per barrel, while the gold price dropped by $5.70 or 0.33 per cent to $1,729.80 per ounce.
US indices were on the rise, while Europe and Asian indices had a mixed day:
Japan’s Nikkei Index closed at 20,741.65, up 353.49 points, or 1.73 per cent.
China’s Shanghai SE Composite Index closed at 2,817.97, up 4.20 points, or 0.15 per cent, while Shenzhen SE Component Index closed at 10,592.84, down 12.12 points, or 0.11 per cent.
Hong Kong’s Hang Seng Index closed at 22,952.24, up 22.10 points, or 0.096 per cent.
South Korea’s KOSPI Index closed at 1,994.60, up 24.47 points, or 1.24 per cent.
Taiwan’s TAIEX Index closed at 10,871.18, up 60.03 points, or 0.56 per cent.

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