Thursday, April 15, 2021

SET surges almost 2% after Biden victory

Nov 09. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,285.88 on Monday, up 25.80 points or 2.05 per cent. Total transactions amounted to Bt77.89 billion with an index high of 1,293.90 and a low of 1,277.52.

In the morning session, an analyst at Krungsri Securities expected the day's index to rise to between 1,270 and 1,275 in response to former vice president Joe Biden winning the US presidential election, providing a boost to global trade and rollout of economic stimulus measures.

"However, surging global Covid-19 cases and market volatility due to SET-listed companies' third-quarter business turnover announcements will pressure the index," he said.

The 10 stocks with the highest trade value today were TASCO, PTT, KBANK, CPALL, IVL, GULF, SCC, ADVANC, AOT and BAM.

As of 4.30pm, the price of oil rose by US$1.01 or 2.72 per cent to $38.15 per barrel, while gold rose by $9.70 or 0.50 per cent, to $1,961.40 per ounce.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 24,839.84, up 514.61 points or 2.12 per cent.

China’s Shang Hai SE Composite Index closed at 3,373.73, up 61.57 points or 1.86 per cent, while the Shenzhen SE Component Index closed at 14,141.15, up 302.73 points or 2.19 per cent.

Hong Kong's Hang Seng Index closed at 26,016.17, up 303.20 points or 1.18 per cent.

South Korea's KOSPI Index closed at 2,447.20, up 30.70 points or 1.27 per cent.

Taiwan's TAIEX Index closed at 13,127.47, up 153.94 points or 1.19 per cent.

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