SET down slightly despite rising oil, new Covid-19 treatment
The Stock Exchange of Thailand (SET) Index closed at 1,315.99 on Tuesday (August 25), down 1.12 points or 0.08 per cent. Total transactions amounted to Bt56.355 billion with an index high of 1,327.42 and a low of 1,315.13.
In the morning session, a stock analyst at Krungsri Securities expected the index to rise between 1,325 and 1,330 points after the US Food and Drug Administration approved the use of blood plasma to treat Covid-19 patients, which it said would reduce the death rate by as much as 35 per cent.
“Also, the market gained positive sentiment from the rising oil price after two storms in the Gulf of Mexico resulted in suspension of oil production,” the analyst said.
The 10 stocks with the highest trade value today were MINT, STGT, AOT, KBANK, CPALL, PTT, CPF, PTTEP, BAM and TKN.
As of 4.30pm, the price of oil had dropped US$0.05 or 0.12 per cent to $42.57 per barrel, while gold fell by $6.50 or 0.34 per cent, to $1,932.70 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 23,296.77, up 311.26 points or 1.35 per cent.
China’s Shang Hai SE Composite Index closed at 3,373.58, down 12.06 points or 0.36 per cent, while the Shenzhen SE Component Index closed at 13,669.41, up 2.71 points or 0.020 per cent.
Hong Kong’s Hang Seng Index closed at 25,486.22, down 65.36 points or 0.26 per cent.
South Korea’s KOSPI Index closed at 2,366.73, up 36.90 points or 1.58 per cent.
Taiwan’s TAIEX Index closed at 12,758.25, up 111.12 points or 0.88 per cent.
