Thursday, October 22, 2020

SET slumps over protesters’ promise to rally next month

Sep 21. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,275.16 today (September 21), down 13.23 points or 1.03 per cent. The volume of total transactions was Bt40.18 billion with an index high of 1,295.35 and a low of 1,273.44.

During the morning session, an analyst at Krungsri Securities said he expected the index to fluctuate between 1,280 and 1,295 despite there being no clashes during the anti-government protest this weekend.

“However, uncertainty related to the student-led protesters’ plan to hold a political rally again next month, US-China tensions and reduced foreign investors’ cash flow will pressure the index,” he said.

The top 10 stocks with the highest trade value today were AOT, TASCO, CPF, KBANK, MINT, PTT, SCC, JAS, GULF and SCB.

As of 4.30pm, the price of oil dropped by US$0.80 or 1.95 per cent to $40.31 per barrel, while gold dropped by $21.00 or 1.07 per cent, to $1,941.10 per ounce.

Other Asian indices also dropped:

China’s Shanghai SE Composite Index closed at 3,316.94, down 21.15 points or 0.63 per cent, while Shenzhen SE Component Index closed at 13,149.50, down 95.59 points or 0.72 per cent.

Hong Kong’s Hang Seng Index closed at 23,950.69, down 504.72 points or 2.06 per cent.

South Korea’s KOSPI Index closed at 2,389.39, down 23.01 points or 0.95 per cent.

Taiwan’s TAIEX Index closed at 12,795.12, down 80.50 points or 0.63 per cent.

Japan’s Nikkei Index was closed for Respect for the Aged Day.

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