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SET slumps over 1% despite good news on Covid-19 vaccine

Nov 24. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,401.63 on Tuesday, down 18.80 points or 1.32 per cent. The volume of total transactions was Bt102 billion with an index high of 1,432.56 and a low of 1,401.29.

In the morning session, an analyst at Krungsri Securities said he expected the day's index to rise to between 1,435 and 1,445. He also believed that more foreign funds would flow into the Thai bourse after US president-elect Joe Biden named former Federal Reserve chairperson Janet Yellen the new secretary of the Treasury, and positive news on the development of a Covid-19 vaccine.

"Investors, however, should beware of mass sell-offs in stocks to reduce risks from the anti-government protest on Wednesday,” he said.

The top 10 stocks with the highest trade value today were PTT, ADVANC, KBANK, PTTEP, STGT, CPF, TASCO, AOT, PTTGC and SCGP.

As of 4.30pm, the price of oil rose by US$0.42 or 0.98 per cent to $43.48 per barrel, while gold dropped by $14.80 or 0.81 per cent, to $1,823 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 26,165.59, up 638.22 points or 2.50 per cent.

China’s Shanghai SE Composite Index closed at 3,402.82, down 11.67 points or 0.34 per cent, while Shenzhen SE Component Index closed at 13,902.54, down 52.75 points or 0.38 per cent.

Hong Kong's Hang Seng Index closed at 26,588.20, up 102.00 points or 0.39 per cent.

South Korea's KOSPI Index closed at 2,617.76, up 15.17 points or 0.58 per cent.

Taiwan's TAIEX Index closed at 13,807.13, down 70.88 points or 0.51 per cent.

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