FRIDAY, March 29, 2024
nationthailand

Set buoyed by hopes of Biden presidency, US stimulus

Set buoyed by hopes of Biden presidency, US stimulus

The Stock Exchange of Thailand (SET) Index closed at 1,222.44 on Wednesday, up 1.11 points or 0.09 per cent. Total transactions amounted to Bt49.80 billion with an index high of 1,231.05 and a low of 1,214.49.

In the morning session, an analyst at Krungsri Securities expected the day’s index to hit 1,230 points on hopes that Joe Biden would win the US presidential election, rollout of US economic stimulus, and the rising oil price.

“However, investors should beware of market volatility and mass sell-offs in line with technical indicators,” he said.

The 10 stocks with the highest trade value today were CPALL, PTT, KBANK, DELTA, IVL, SCGP, AOT, PTTEP, ADVANC and HANA.

As of 4.30pm, the price of oil rose by US$0.61 or 1.62 per cent to $38.27 per barrel, while gold dropped by $16.40 or 0.86 per cent, to $1,894 per ounce.

Other Asian indices were on the rise except for Hong Kong stock index:

Japan’s Nikkei Index closed at 23,695.23, up 399.75 points or 1.72 per cent.

China’s Shang Hai SE Composite Index closed at 3,277.44, up 6.37 points or 0.19 per cent, while Shenzhen SE Component Index closed at 13,659.50, up 79.46 points or 0.59 per cent.

Hong Kong's Hang Seng Index closed at 24,886.14, down 53.59 points or 0.21 per cent.

South Korea's KOSPI Index closed at 2,357.32, up 14.01 points or 0.60 per cent.

Taiwan's TAIEX Index closed at 12,867.90, up 131.89 points or 1.04 per cent.

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