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Thai stock market surges past 1,500 pts again as US stimulus hope rise


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The Stock Exchange of Thailand (SET) Index closed at 1,513.78 on Thursday, up 21.42 points or 1.44 per cent. Total transactions amounted to Bt121.32 billion with an index high of 1,519.91 and a low of 1,502.81.

In the morning session, an analyst at Krungsri Securities forecast the day’s index would rise to between 1,500 and 1,510 points amid hopes of fresh US stimulus measures after the Democrats gained control of Congress, as well as the rising oil price.

“However, investors should beware of mass sell-offs in response to technical indicators,” he said.

The 10 stocks with the highest trade value today were EA, KBANK, GPSC, KTC, SAWAD, SCGP, TMB, PTT, KCE and IVL.

As of 4.30pm, the price of oil rose by US$0.32 or 0.63 per cent to $50.95 per barrel, while gold rose by $13.50 or 0.71 per cent, to $1,922.10 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 27,490.13, up 434.19 points or 1.60 per cent.

China’s Shang Hai SE Composite Index closed at 3,576.20, up 25.33 points or 0.41 per cent, while Shenzhen SE Component Index closed at 15,356.40 up 168.79 points or 1.11 per cent.

Hong Kong's Hang Seng Index closed at 27,548.52, down 143.78 points or 0.52 per cent.

South Korea's KOSPI Index closed at 3,031.68, up 63.47 points or 2.14 per cent.

Taiwan's TAIEX Index closed at 15,214, up 230.87 points or 1.54 per cent.

 

 

Published : January 07, 2021

By : The Nation