Saturday, November 28, 2020

SET levels out after three-day slide

Oct 20. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,210.67 on Tuesday, up 1.92 points or 0.16 per cent. Total transactions amounted to Bt59 billion with an index high of 1,219.16 and a low of 1,202.03.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fall below 1,200 points, as hopes receded that US economic stimulus measures would be launched before the November 3 presidential election.

"Also, uncertainty over Thailand's political unrest, as protesters hold rallies across the country, will pressure the market," he said.

However, he said that planned extraordinary parliamentary session to address the unrest should help relieve political tensions.

The 10 stocks with the highest trade value today were STGT, KBANK, STA, PTT, SCC, AOT, CPALL, NER, IVL and PTTEP.

As of 4.30pm, the price of oil dropped by US$0.10 or 0.24 per cent to $40.73 per barrel, while gold dropped by $2.50 or 0.13 per cent, to $1,909.20 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,567.04, down 104.09 points or 0.44 per cent.

China’s Shang Hai SE Composite Index closed at 3,328.10, up 15.44 points or 0.47 per cent, while the Shenzhen SE Component Index closed at 13,603.88, up 182.69 points or 1.36 per cent.

Hong Kong's Hang Seng Index closed at 24,569.54, up 27.28 points or 0.11 per cent.

South Korea's KOSPI Index closed at 2,358.41, up 11.67 points or 0.50 per cent.

Taiwan's TAIEX Index closed at 12,862.37, down 45.97 points or 0.36 per cent.

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