SET, Asian indices rally over news of Trump’s recovery

The Stock Exchange of Thailand (SET) Index closed at 1,242.99 on Monday, up 5.45 points or 0.44 per cent. The volume of total transactions stood at Bt39.48 billion with an index high of 1,248.67 and a low of 1,239.06.

During the morning session, an analyst at Krungsri Securities said he expected the index to rebound to between 1,245 and 1,250 before falling in response to news that US President Donald Trump may be discharged on Monday after testing positive for Covid-19 last week.

However, he said falling price of oil, uncertainty over banks’ weak third-quarter performance due to high non-performing loans and foreign investors’ mass sell-offs will pressure the index.

The top 10 stocks with the highest trade value on Monday were STGT, TASCO, AOT, PTT, ADVANC, DELTA, CBG, BAM, PTTEP and IVL.

As of 4.30pm, the oil rose by US$0.96 or 2.59 per cent to $38.01 per barrel, while gold dropped by $3.10 or 0.16 per cent, to $1,904.50 per ounce.

Other Asian indices were also on the rise:

Japan’s Nikkei Index closed at 23,312.14, up 282.24 points or 1.23 per cent.

Hong Kong's Hang Seng Index closed at 23,767.78, up 308.73 points or 1.32 per cent.

South Korea's KOSPI Index closed at 2,358.00, up 30.11 points or 1.29 per cent.

Taiwan's TAIEX Index closed at 12,548.28, up 32.67 points or 0.26 per cent.

China's stock markets were closed for the Moon Festival.