Thursday, October 22, 2020

SET rebounds almost 1.5% after week of losses

Sep 28. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,263.02 on Monday, up 18.08 points or 1.45 per cent. Total transactions amounted to Bt41.29 billion with an index high of 1,264.50 and a low of 1,251.12.

In the morning session, an analyst at Krungsri Securities expected the day’s index to rise to between 1,255 and 1,260 after the S&P500 and Nasdaq rose by 1.6 per cent and 2.3 per cent respectively.

He said the domestic political situation was not expected to escalate, but it would pressure the index through October.

The 10 stocks with the highest trade value on Monday were STGT, PTT, KBANK, AOT, ADVANC, CPF, DIF, BBL, GULF and SCB.

As of 4.30pm, the price of oil dropped by US$0.35 or 0.87 per cent to $39.90 per barrel, while gold dropped by $10.10 or 0.54 per cent, to $1,856.20 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,511.62, up 307.00 points or 1.32 per cent.

China’s Shang Hai SE Composite Index closed at 3,217.53, down 1.88 points or 0.058 per cent, while the Shenzhen SE Component Index closed at 12,760.93, down 53.24 points or 0.42 per cent.

Hong Kong’s Hang Seng Index closed at 23,476.05, up 240.63 points or 1.04 per cent.

South Korea’s KOSPI Index closed at 2,308.08, up 29.29 points or 1.29 per cent.

Taiwan’s TAIEX Index closed at 12,462.76, up 229.85 points or 1.88 per cent.

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