SET dives for 3rd straight day as political turmoil rocks market
The Stock Exchange of Thailand (SET) Index closed at 1,208.75 on Monday, down 24.93 points or 2.02 per cent. The volume of total transactions was Bt54 billion, with an index high of 1,223.15 and a low of 1,205.61.
In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,225 and 1,245 despite hopes that US economic stimulus measures will be launched before the presidential election on November 3.
"Uncertainty over Thailand's political unrest, as anti-government protesters prepare to hold rallies across the country, will pressure the index," he said.
The 10 stocks with the highest trade value today were AOT, KBANK, CPALL, STGT, SCB, PTT, CBG, BBL, IVL and ADVANC.
As of 4.30pm, the price of oil dropped by US$0.14 or 0.34 per cent to $40.74 per barrel, while gold rose by $7.80 or 0.41 per cent, to $1,914.20 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 23,671.13, up 260.50 points or 1.11 per cent.
China’s Shang Hai SE Composite Index closed at 3,312.67, down 23.69 points or 0.71 per cent, while Shenzhen SE Component Index closed at 13,421.19, down 111.54 points or 0.82 per cent.
Hong Kong's Hang Seng Index closed at 24,542.26, up 155.47 points or 0.64 per cent.
South Korea's KOSPI Index closed at 2,346.74, up 5.21 points or 0.22 per cent.
Taiwan's TAIEX Index closed at 12,908.34, up 157.97 points or 1.24 per cent.
