Saturday, January 16, 2021

SET down 0.21% amid PM’s verdict, Opec delay

Dec 02. 2020
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,417.95 on Wednesday, down 2.92 points or 0.21 per cent. Total transactions amounted to Bt78 billion with an index high of 1,430.49 and a low of 1,415.10.

In the morning session, an analyst at Krungsri Securities predicted the day’s index would fluctuate between 1,410 and 1,430 points despite positive US news of a $908-billion (Bt27.4 trillion) economic stimulus package and a Covid-19 vaccine.

“However, the falling oil price due to postponement of the Opec+ meeting amid a dispute over the bloc’s oil production policy, together with today’s Constitutional Court ruling in a case against PM Prayut Chan-o-cha, would pressure the index,” he said.

The court ruled Prayut had not violated the charter by staying on in his Army residence, so could stay in office.

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

As of 4.30pm, the price of oil rose by US$0.15 or 0.34 per cent to $44.70 per barrel, while gold rose by $7.20 or 0.40 per cent, to $1,826.10 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 26,800.98, up 13.44 points or 0.050 per cent.

China’s Shang Hai SE Composite Index closed at 3,449.38, down 2.56 points or 0.074 per cent, while Shenzhen SE Component Index closed at 13,961.58, up 31.20 points or 0.22 per cent.

Hong Kong's Hang Seng Index closed at 26,532.58, down 35.10 points or 0.13 per cent.

South Korea's KOSPI Index closed at 2,675.90, up 41.65 points or 1.58 per cent.

Taiwan's TAIEX Index closed at 13,989.14, up 103.47 points or 0.75 per cent.

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