Sunday, September 27, 2020

SET buoyed by Thai visa move, rising oil

Sep 16. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,293.48 today (September 16), up 7.30 points or 0.57 per cent. Total transactions amounted to Bt52.70 billion with an index high of 1,295.80 and a low of 1,284.09.

In the morning session, an analyst at Krungsri Securities expected the index to fluctuate between 1,275 and 1,295 points over the day.

“Although the market responded positively to the Cabinet approving long-stay visas for foreigners and to the rising oil price, we expect investors to sell stocks to reduce risks following the US Federal Open Market Committee meeting [on Thursday] and the [September 19] political rally by students,” the analyst said.

The 10 stocks with the highest trade value today were TASCO, AOT, MINT, BBL, PTT, SAWAD, KBANK, BDMS, CPF and PTTEP.

As of 4.30pm, the price of oil rose by US$1.01 or 2.64 per cent to $39.29 per barrel, while gold rose by $8.10 or 0.41 per cent, to $1,974.30 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,475.53, up 20.64 points or 0.088 per cent.

China’s Shang Hai SE Composite Index closed at 3,283.92, down 11.76 points or 0.36 per cent, while the Shenzhen SE Component Index closed at 13,011.28, down 132.18 points or 1.01 per cent.

Hong Kong’s Hang Seng Index closed at 24,725.63, down 7.13 points or 0.029 per cent.

South Korea’s KOSPI Index closed at 2,435.92, down 7.66 points or 0.31 per cent.

Taiwan’s TAIEX Index closed at 12,976.76, up 131.11 points or 1.02 per cent.

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