Friday, June 25, 2021

business

Thai stock exchange defies virus to rise almost 1.5%


The Stock Exchange of Thailand (SET) Index closed at 1,468.24 on Monday, up 18.89 points or 1.30 per cent. Total transactions amounted to Bt89.20 billion with an index high of 1,468.27 and a low of 1,425.48.

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In the morning session, an analyst at Krungsri Securities predicted the day's index would fall to between 1,420 and 1,435 after the government imposed maximum controls in 28 provinces to curb the Covid-19 outbreak.

"The index will also be under pressure from its tight valuation," he said.

He advised investors to follow the government’s virus-control measures, December’s Purchasing Manager's Index for China, Europe and the US, and the US Senate election in Georgia, which will decide whether Democrats gain a majority in Congress.

The 10 stocks with the highest trade value today were GPSC, DELTA, EA, IVL, PTT, STGT, CPF, KBANK, CPALL and AOT.

As of 4.30pm, the price of oil rose by US$0.95 or 1.96 per cent to $49.47 per barrel, while gold rose by $40.20 or 2.12 per cent, to $1,935.30 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 27,258.38, down 185.79 points or 0.68 per cent.

China’s Shang Hai SE Composite Index closed at 3,502.96, up 29.89 points or 0.86 per cent, while Shenzhen SE Component Index closed at 14,827.47, up 356.79 points or 2.47 per cent.

Hong Kong's Hang Seng Index closed at 27,472.81, up 241.68 points or 0.89 per cent.

South Korea's KOSPI Index closed at 2,944.45, up 70.98 points or 2.47 per cent.

Taiwan's TAIEX Index closed at 14,902.03, up 169.50 points or 1.15 per cent.

Published : January 04, 2021

By : The Nation