Tuesday, September 29, 2020

SET down as investors await outcome of US-China trade talks

Aug 14. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,327.05 today (August 14), down 19.64 points or 1.46 per cent. Total transactions amounted to Bt58.050 billion with an index high of 1,347.63 and a low of 1,324.97.

In the morning session, a Krungsri Securities analyst expected the index to fluctuate between 1,340 and 1,355 despite positive sentiment from Covid-19 vaccine news.

"The index will be under pressure following the stand-off over the $1-trillion US economic stimulus package, while investors would delay trade to follow the outcome of US-China trade negotiations on Saturday [August 15]," the analyst said.

The 10 stocks with the highest trade value today were CPALL, STGT, AOT, KBANK, CPF, ADVANC, PTT, BBL, MINT and BEM.

As of 4.30pm, the price of crude oil dropped by US$0.42 or 0.99 per cent to $41.82 per barrel, while gold dropped by $13.20 or 0.67 per cent, to $1,957.20 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,289.36, up 39.75 points, or 0.17 per cent.

China’s Shang Hai SE Composite Index closed at 3,360.10, up 39.37 points, or 1.19 per cent, while the Shenzhen SE Component Index closed at 13,489.01, up 197.69 points, or 1.49 per cent.

Hong Kong’s Hang Seng Index closed at 25,183.01, down 47.66 points, or 0.19 per cent.

South Korea’s KOSPI Index closed at 2,407.49, down 30.04 points, or 1.23 per cent.

Taiwan’s TAIEX Index closed at 12,795.46, up 32.33 points, or 0.25 per cent.

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