SET sinks as thousands gather for Bangkok rally
The Stock Exchange of Thailand (SET) Index closed at 1,263.99 on Wednesday, down 9.44 points or 0.74 per cent. Total transactions amounted to Bt51 billion with an index high of 1,271.10 and a low of 1,257.84.
In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,265 and 1,280 points as worries over domestic developments override progress in talks on fresh US economic stimulus measures.
“The student-led rally [in Bangkok on Wednesday] and uncertainty over commercial banks’ weak third-quarter performances will pressure the index,” he said.
The 10 stocks with the highest trade value today were KBANK, HANA, PTT, IVL, STGT, STA, CPF, NRF, CPALL and KCE.
As of 4.30pm, the price of oil rose by US$0.12 or 0.30 per cent to $40.32 per barrel, while gold rose by $5.90 or 0.31 per cent, to $1,900.50 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 23,626.73, up 24.95 points or 0.11 per cent.
China’s Shang Hai SE Composite Index closed at 3,340.78, down 18.97 points or 0.56 per cent, while the Shenzhen SE Component Index closed at 13,691.04, down 107.54 points or 0.78 per cent.
Hong Kong's Hang Seng Index closed at 24,667.09, up 17.41 points or 0.071 per cent.
South Korea's KOSPI Index closed at 2,380.48, down 22.67 points or 0.94 per cent.
Taiwan's TAIEX Index closed at 12,919.31, down 27.82 points or 0.21 per cent.
