Thursday, October 22, 2020

SET continues slide as Thailand edges toward political turmoil

Sep 25. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index continued its week-long slide on Friday, closing at 1,244.94, down 2.52 points or 0.20 per cent. Total transactions amounted to Bt45.62 billion with an index high of 1,256.40 and a low of 1,241.66.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,240 and 1,255 despite a rise in other regional stock markets.

Domestic unrest after Parliament delayed charter-change motions, coupled with continuing outflow of foreign funds, would pressure the index, he said.

The 10 stocks with the highest trade value today were AOT, CPF, MINT, PTT, STGT, KBANK, CPALL, STA, PTTEP and GPSC.

As of 4.30pm, the price of oil rose by US$0.19 or 0.47 per cent to $40.50 per barrel, while gold dropped by $2.50 or 0.13 per cent, to $1,874.40 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,204.62, up 116.80 points or 0.51 per cent.

China’s Shang Hai SE Composite Index closed at 3,219.42, down 3.76 points or 0.12 per cent, while the Shenzhen SE Component Index closed at 12,814.17, down 2.43 points or 0.019 per cent.

Hong Kong’s Hang Seng Index closed at 23,235.42, down 75.65 points or 0.32 per cent.

South Korea’s KOSPI Index closed at 2,278.79, up 6.09 points or 0.27 per cent.

Taiwan’s TAIEX Index closed at 12,232.91, down 31.47 points or 0.26 per cent.

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