THURSDAY, March 28, 2024
nationthailand

SET rockets past 1,400 points with transactions over Bt100bn

SET rockets past 1,400 points with transactions over Bt100bn

The Stock Exchange of Thailand (SET) Index closed at 1,420.43 on Monday, up 31.09 points or 2.24 per cent. Total transactions amounted to Bt105 billion with an index high of 1,422.43 and a low of 1,395.58.

In the morning session, an analyst at Krungsri Securities expected the day's index to rise to between 1,380 and 1,400 on foreign inflows after overseas investors made net buys in Thai stocks of Bt5.7 billion last week.

"However, the index will be at risk of dropping sharply after its sharp rise of over 200 points in three weeks and an increase in price-to-earnings ratio of 2.3 compared to the average over the previous three years," he warned.

The 10 stocks with the highest trade value today were PTT, KBANK, ADVANC, PTTEP, MINT, AOT, GPSC, GULF, CPALL and SCGP.

As of 4.30pm, the price of oil rose by US$0.81 or 1.91 per cent to $43.23 per barrel, while gold dropped by $3.60 or 0.19 per cent, to $1,868.80 per ounce.

Other Asian indices were on the rise:

China’s Shang Hai SE Composite Index closed at 3,414.49, up 36.76 points or 1.09 per cent, while the Shenzhen SE Component Index closed at 13,955.28, up 102.87 points or 0.74 per cent.

Hong Kong's Hang Seng Index closed at 26,486.20, up 34.66 points or 0.13 per cent.

South Korea's KOSPI Index closed at 2,602.59, up 49.09 points or 1.92 per cent.

Taiwan's TAIEX Index closed at 13,878.01, up 161.57 points or 1.18 per cent.

Japan’s Nikkei Index was closed for Labour Thanksgiving Day.

nationthailand