Monday, October 26, 2020

SET rises despite political unrest, FTSE rebalancing

Sep 18. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,288.39 on Friday, up 3.99 points or 0.31 per cent. Total transactions amounted to Bt49.97 billion with an index high of 1,293.29 and a low of 1,280.43.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,275 and 1,295 despite the oil price rising above US$40 per barrel.

"Student protesters' rally tomorrow [Saturday] and the FTSE's index rebalancing, which will be effective on Friday evening, will cause volatility in the SET," he said.

The 10 stocks with the highest trade value today were BBL, CRC, PTT, TASCO, AOT, KBANK, BDMS, SCB, ADVANC and SCC.

As of 4.30pm, the price of oil rose by US$0.06 or 0.15 per cent to $41.03 per barrel, while gold rose by $13.50 or 0.69 per cent, to $1,963.40 per ounce.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 23,360.30, up 40.93 points or 0.18 per cent.

China’s Shang Hai SE Composite Index closed at 3,338.09, up 67.65 points or 2.07 per cent, while Shenzhen SE Component Index closed at 13,245.09, up 229.90 points or 1.77 per cent.

Hong Kong’s Hang Seng Index closed at 24,455.41, up 114.56 points or 0.47 per cent.

South Korea’s KOSPI Index closed at 2,412.40, up 6.23 points or 0.26 per cent.

Taiwan’s TAIEX Index closed at 12,875.62, up 2.88 points or 0.022 per cent.

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