Thai stocks level out as weakening baht, virus threaten volatility
The Stock Exchange of Thailand (SET) Index closed at 1,536.49 on Monday, up 0.05 points (0 per cent). Total transactions amounted to Bt93.80 billion with an index high of 1,550.75 and a low of 1,527.75.
In the morning session, an analyst at Krungsri Securities forecast the day's index would hit 1,550 points on hopes of US stimulus measures and the sharp rise in the price of oil.
"However, investors should beware of volatility due to the weakening baht and the surge in Covid-19 cases," he said.
The 10 stocks with the highest trade value today were KTC, EA, DELTA, HANA, ADVANC, GPSC, PTT, CPALL, IVL and PTTGC.
As of 4.30pm, the price of oil dropped by US$0.25 or 0.48 per cent to $51.99 per barrel, while gold rose by $15.20 or 0.83 per cent, to $1,850.60 per ounce.
Other Asian indices were mixed:
China’s Shang Hai SE Composite Index closed at 3,531.50, down 38.61 points or 1.08 per cent, while Shenzhen SE Component Index closed at 15,115.38, down 203.91 points or 1.33 per cent.
Hong Kong's Hang Seng Index closed at 27,908.22, up 30.00 points or 0.11 per cent.
South Korea's KOSPI Index closed at 3,148.45, down 3.73 points or 0.12 per cent.
Taiwan's TAIEX Index closed at 15,557.30, up 93.35 points or 0.60 per cent.
Japan’s Nikkei Index was closed for Coming of Age Day.
