SET falls after mass sell-offs ahead of Bangkok protest
The Stock Exchange of Thailand (SET) Index closed at 1,267.14 on Friday, down 7.69 points or 0.60 per cent. Total transactions amounted to Bt51 billion with an index high of 1,280.81 and a low of 1,264.24.
In the morning session, a Krungsri Securities analyst expected the day’s index to fluctuate between 1,265 and 1,285 despite the rising oil price and progress in US economic stimulus measures.
The analyst warned of fallout from domestic anti-government protests on October 14.
"Investors should beware of mass sell-offs to mitigate risks from the political rally [in Bangkok] next week, as it would pressure the index," he said.
The 10 stocks with the highest trade value today were NRF, NER, TASCO, PTT, PTTEP, AOT, KBANK, CPF, IVL and MINT.
As of 4.30pm, the price of oil dropped by US$0.46 or 1.12 per cent to $40.73 per barrel, while gold rose by $24.20 or 1.28 per cent, to $1,919.30 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 23,619.69, down 27.38 points or 0.12 per cent.
China’s Shang Hai SE Composite Index closed at 3,272.08, up 54.02 points or 1.68 per cent, while the Shenzhen SE Component Index closed at 13,289.26, up 381.81 points or 2.96 per cent.
Hong Kong's Hang Seng Index closed at 24,119.13, down 74.22 points or 0.31 per cent.
South Korea's KOSPI Index was closed for Hangul Day, while Taiwan's TAIEX Index was closed for National Day.
