Monday, November 30, 2020

SET rises despite worries over political unrest, banks’ weak performance

Oct 21. 2020
Facebook Twitter

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,216.48 on Wednesday, up 5.81 points or 0.48 per cent. Total transactions amounted to Bt54 billion with an index high of 1,222.62 and a low of 1,211.85.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,200 and 1,220 points despite news that the US is poised to issue a fresh dose of economic stimulus measures by the end of this week.

“Uncertainty amid Thailand’s political unrest, banks’ weak third-quarter performances, and the outflow of foreign funds will pressure the index,” the analyst said.

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

As of 4.30pm, the price of oil dropped by US$0.62 or 1.49 per cent to $41.08 per barrel, while gold rose by $5.90 or 0.31 per cent, to $1,921.30 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,639.46, up 72.42 points or 0.31 per cent.

China’s Shang Hai SE Composite Index closed at 3,325.02, down 3.08 points or 0.092 per cent, while the Shenzhen SE Component Index closed at 13,467.91, down 135.97 points or 1 per cent.

Hong Kong's Hang Seng Index closed at 24,754.42, up 184.88 points or 0.75 per cent.

South Korea's KOSPI Index closed at 2,370.86, up 12.45 points or 0.53 per cent.

Taiwan's TAIEX Index closed at 12,877.25, up 14.88 points or 0.12 per cent.

Facebook Twitter
More in Business
Editor’s Picks
Top News