SET rallies despite lack of positive sentiment
The Stock Exchange of Thailand (SET) Index closed at 1,330.11 today (August 18), up 9.20 points or 0.70 per cent. Total transactions tallied at Bt50.855 billion with an index high of 1,330.40 and a low of 1,321.07.
During the morning session, a stock analyst at Krungsri Securities said he expected the index to fluctuate between 1,315 and 1,330 owing to the lack of positive sentiment to boost investment after listed companies had announced their second-quarter performance.
“Besides, we expect investors to delay trading to follow the US Federal Reserve’s meeting on Thursday to monitor interest-rate signals in the future, resulting in volatility in the index,” he said.
The top 10 stocks with the highest trade value today were CPALL, STGT, KBANK, CRC, AOT, PTT, ADVANC, MINT, GULF and NER.
As of 4.30pm, the price of crude oil dropped by US$0.10 or 0.23 per cent to $42.79 per barrel, while gold rose by $18.30 or 0.92 per cent, to $2,017 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 23,051.08, down 45.67 points or 0.20 per cent.
China’s Shanghai SE Composite Index closed at 3,451.09, up 12.29 points or 0.36 per cent, while Shenzhen SE Component Index closed at 13,768.17, up 25.94 points or 0.19 per cent.
Hong Kong’s Hang Seng Index closed at 25,367.38, up 20.04 points or 0.079 per cent.
South Korea’s KOSPI Index closed at 2,348.24, down 59.25 points or 2.46 per cent.
Taiwan’s TAIEX Index closed at 12,872.14, down 83.97 points or 0.65 per cent.
