FRIDAY, March 29, 2024
nationthailand

SET loses ground as US-China trade talks, $1trn stimulus delayed

SET loses ground as US-China trade talks, $1trn stimulus delayed

The Stock Exchange of Thailand (SET) Index closed at 1,320.91 today (August 17), down 6.14 points or 0.46 per cent. Total transactions amounted to Bt47.812 billion with an index high of 1,331.80 and a low of 1,315.89.

In the morning session, a stock analyst at Krungsri Securities expected the index to fall to 1,320 due to lack of positive sentiments to boost investment.

"Also, the index will be under pressure from uncertainty over the $1-trillion US economic stimulus package and postponement of US-China trade talks last week," he said.

The 10 stocks with the highest trade value today were STGT, CPALL, KBANK, MINT, AOT, CPF, NER, TU, TRUE and STA.

As of 4.30pm, the price of crude oil dropped by US$0.02 or 0.05 per cent to $41.99 per barrel, while gold rose by $10.00 or 0.51 per cent, to $1,959.80 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,096.75, down 192.61 points, or 0.83 per cent.

China’s Shang Hai SE Composite Index closed at 3,438.80, up 78.70 points, or 2.34 per cent, while the Shenzhen SE Component Index closed at 13,742.23, up 253.22 points, or 1.88 per cent.

Hong Kong’s Hang Seng Index closed at 25,347.34, up 164.33 points, or 0.65 per cent.

Taiwan’s TAIEX Index closed at 12,956.11, up 160.65 points, or 1.26 per cent.

South Korea’s KOSPI Index was closed for Liberation Day.

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