Saturday, November 28, 2020

SET briefly dips below 1,200 as political unrest, Europe lockdowns hit Thai stocks

Oct 29. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,201.64 on Thursday, down 6.30 points or 0.52 per cent. Total transactions amounted to Bt50.83 billion with an index high of 1,206.84 and a low of 1,195.99.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fall to between 1,190 and 1,200 points due to an economic slowdown after Germany and France imposed lockdowns to contain the spread of Covid-19.

“Meanwhile, the falling oil price and domestic political unrest will pressure investment,” he predicted.

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

As of 4.30pm, the price of oil dropped by US$0.86 or 2.30 per cent to $36.53 per barrel, while gold rose by $0.80 or 0.04 per cent, to $1,880 per ounce.

Other Asian indices were down, except in China:

Japan’s Nikkei Index closed at 23,331.94, down 86.57 points or 0.37 per cent.

China’s Shang Hai SE Composite Index closed at 3,272.73, up 3.49 points or 0.11 per cent, while the Shenzhen SE Component Index closed at 13,519.66, up 131.56 points or 0.98 per cent.

Hong Kong's Hang Seng Index closed at 24,586.60, down 122.20 points or 0.49 per cent.

South Korea's KOSPI Index closed at 2,326.67, down 18.59 points or 0.79 per cent.

Taiwan's TAIEX Index closed at 12,662.91, down 130.84 points or 1.02 per cent.

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