SET loses more ground amid jitters over Thai politics
The Stock Exchange of Thailand (SET) Index dropped further on Friday to close at 1,279.96, down 10.93 points or 0.85 per cent. Total transactions amounted to Bt44.155 billion with an index high of 1,296.13 and a low of 1,279.33.
In the morning session, an analyst from Krungsri Securities said he expected the index to fall to between 1,280 and 1,285 due to lack of positive sentiment.
“The index is also under pressure from the direction of foreign indices, the low oil price and uncertainty over domestics politics after student protesters vowed to go ahead with their September 19 rally,” he said.
The 10 stocks with the highest trade value on Friday were JMART, JMT, STGT, MINT, SUPER, KBANK, SCC, GPSC, AOT and CRC.
As of 4.30pm, the price of oil rose by US$0.03 or 0.08 per cent to $37.33 per barrel, while gold dropped by $10.70 or 0.54 per cent, to $1,953.60 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 23,406.49, up 171.02 points or 0.74 per cent.
China’s Shang Hai SE Composite Index closed at 3,260.35, up 25.52 points or 0.79 per cent, while the Shenzhen SE Component Index closed at 12,942.95, up 200.10 points or 1.57 per cent.
Hong Kong’s Hang Seng Index closed at 24,503.31, up 189.77 points or 0.78 per cent.
South Korea’s KOSPI Index closed at 2,396.69, up 0.21 points or 0.0088 per cent.
Taiwan’s TAIEX Index closed at 12,675.95, down 15.80 points or 0.12 per cent.
