SET rallies despite drop in foreign funds, uncertainty over US stimulus measures
The Stock Exchange of Thailand (SET) Index closed at 1,539.85 on Tuesday, up 3.36 points or 0.22 per cent. The volume of total transactions was Bt90.16 billion with an index high of 1,542.65 and a low of 1,528.50.
In the morning session, an analyst at Krungsri Securities expected the index to fall to between 1,525 and 1,530 points due to uncertainty over the rollout of US economic stimulus measures amid political turmoil and China's move to lock down Hebei province after 103 Covid-19 cases were found.
"Besides, the decline in foreign funds flow will pressure the index," he said.
The top 10 stocks with the highest trade value today were PTT, GPSC, PTTGC, PTTEP, EA, AOT, IVL, AEONTS, KTC and KBANK.
As of 4.30pm, the price of oil rose by US$0.69 or 1.32 per cent to $52.94 per barrel, while gold rose by $7.50 or 0.41 per cent, to $1,858.30 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,164.34, up 25.31 points or 0.090 per cent.
China’s Shanghai SE Composite Index closed at 3,608.34, up 76.84 points or 2.18 per cent, while Shenzhen SE Component Index closed at 15,460.03, up 344.65 points or 2.28 per cent.
Hong Kong's Hang Seng Index closed at 28,276.75, up 368.53 points or 1.32 per cent.
South Korea's KOSPI Index closed at 3,125.95, down 22.50 points or 0.71 per cent.
Taiwan's TAIEX Index closed at 15,500.70, down 56.60 points or 0.36 per cent.
