SET extend gains despite worries of political turmoil
The Stock Exchange of Thailand (SET) Index closed at 1,433.56 on Thursday, up 17.84 points or 1.26 per cent. Total transactions amounted to Bt80 billion with an index high of 1,433.47 and a low of 1,416.79.
In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,405 and 1,425 points amid forecasts of a smooth US presidential transition, progress on Covid-19 vaccines and the rising oil price.
“However, investors should beware of mass selloffs due to uncertainty over Thailand’s political unrest and signs of overbought stocks,” he said.
The 10 stocks with the highest trade value today were KBANK, PTT, SCGP, ADVANC, DELTA, MINT, STGT, BANPU, PTTEP and CBG.
As of 4.30pm, the price of oil dropped by US$0.76 or 1.66 per cent to $44.95 per barrel, while gold rose by $8 or 0.44 per cent, to $1,819.20 per ounce.
Other Asian indices were rise, except for Shenzhen SE Component Index:
Japan’s Nikkei Index closed at 26,537.31, up 240.45 points or 0.91 per cent.
China’s Shang Hai SE Composite Index closed at 3,369.73, up 7.41 points or 0.22 per cent, while Shenzhen SE Component Index closed at 13,599.99, down 56.10 points or 0.41 per cent.
Hong Kong's Hang Seng Index closed at 26,819.45, up 149.70 points or 0.56 per cent.
South Korea's KOSPI Index closed at 2,625.91, up 24.37 points or 0.94 per cent.
Taiwan's TAIEX Index closed at 13,845.66, up 106.83 points or 0.78 per cent.
