SET climbs back above 1,300 as Asian stocks rally

MONDAY, AUGUST 24, 2020
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The Stock Exchange of Thailand (SET) Index closed at 1,317.11 today (August 24), up 17.85 points or 1.37 per cent. Total transactions amounted to Bt57.078 billion with an index high of 1,318.20 and a low of 1,299.05.

In the morning session, a stock analyst at Krungsri Securities expected the index to fluctuate between 1,290 and 1,310 due to lack of positive sentiments.

"Also, investors would delay trading to follow the US Federal Reserve's forecast on economic and monetary policy direction, while the index will be under pressure from the domestic political situation," he said.

The 10 stocks with the highest trade value today were MINT, AOT, STGT, KBANK, PTT, JMART, KCE, CPALL, BAM and CRC.

As of 4.30pm, the price of oil rose by US$0.33 or 0.78 per cent to $42.67 per barrel, while gold rose by $8.30 or 0.43 per cent, to $1,955.30 per ounce.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 22,985.51, up 65.21 points or 0.28 per cent.

China’s Shang Hai SE Composite Index closed at 3,385.64, up 4.96 points or 0.15 per cent, while the Shenzhen SE Component Index closed at 13,666.69, up 188.69 points or 1.40 per cent.

Hong Kong’s Hang Seng Index closed at 25,551.58, up 437.74 points or 1.74 per cent.

South Korea’s KOSPI Index closed at 2,329.83, up 25.24 points or 1.10 per cent.

Taiwan’s TAIEX Index closed at 12,647.13, up 39.29 points or 0.31 per cent.