SET subdued as investors wait for banks’ Q2 results

In the morning session, a stock analyst at Krungsri Securities expected the index to fluctuate between 1,350 and 1,370 as investors waited for banks and financial institutions' to announce their second-quarter performances this week. Results are expected to see a drop both quarter on quarter and year on year.

"Meanwhile, uncertainty following the rising number of Covid-19 cases, especially in the US, would cause an impact on economic recovery," the analyst said.

"However, the index would gain support from mass buy-ups of shares in companies whose second-quarter performance would improve."

The 10 stocks with the highest trade value today were KBANK, EA, BAM, CPF, SCC, STGT, CPALL, PTT, ADVANC and AOT.

As of 4.30pm, the price of crude oil had dropped by US$0.17 or 0.42 per cent to $40.42 per barrel, while gold rose by $2.40 or 0.13 per cent, to $1,812.40 per ounce.

Changes in Asian indices were mixed:

Japan’s Nikkei Index closed at 22,717.48, up 21.06 points, or 0.093 per cent.

China’s Shang Hai SE Composite Index closed at 3,314.15, up 100.02 points, or 3.11 per cent, while the Shenzhen SE Component Index closed at 13,448.85, up 333.91 points, or 2.55 per cent.

Hong Kong’s Hang Seng Index closed at 25,057.99, down 31.18 points, or 0.12 per cent.

South Korea’s KOSPI Index closed at 2,198.20, down 2.99 points, or 2.14 per cent.

Taiwan’s TAIEX Index closed at 12,174.54, down 7.02 points, or 0.058 per cent.