Saturday, October 31, 2020

SET slides further after 2nd Europe lockdown, banking scandal, delayed US stimulus

Sep 23. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,264.01 on Wednesday, down 3.62 points or 0.29 per cent. Total transactions amounted to Bt50.70 billion with an index high of 1,272.59 and a low of 1,260.64.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fall between 1,260 and 1,270 points amid a second lockdown in European countries, allegations of illicit fund flows at global banks, and the delayed rollout of US economic stimulus, all of which are pressuring the index.

The 10 stocks with the highest trade value today were CPALL, STGT, PTT, KBANK, AOT, SAWAD, MINT, BBL, PTTGC and TASCO.

As of 4.30pm, the price of oil rose by US$0.12 or 0.30 per cent to $39.92 per barrel, while gold dropped by $16.40 or 0.86 per cent, to $1,891.20 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,346.49, down 13.81 points or 0.059 per cent.

China’s Shang Hai SE Composite Index closed at 3,279.71, up 5.41 points or 0.17 per cent, while the Shenzhen SE Component Index closed at 13,110.07, up 86.64 points or 0.67 per cent.

Hong Kong’s Hang Seng Index closed at 23,742.51, up 25.66 points or 0.11 per cent.

South Korea’s KOSPI Index closed at 2,333.24, up 0.65 points or 0.028 per cent.

Taiwan’s TAIEX Index closed at 12,583.88, down 61.63 points or 0.49 per cent.

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