In Friday’s morning session, an analyst at Krungsri Securities forecast the day's index would fluctuate between 1,525 and 1,550 after US President-elect Joe Biden announced a US$1.9-trillion stimulus plan and the oil price held up.
"However, the SET will be under pressure from its tight valuation and the drop in fund inflows," he said, adding that the index's price-to-earnings ratio was 30 times.
The 10 stocks with the highest trade value today were PTT, EA, GPSC, TASCO, CPALL, SCGP, PTTEP, NER, KBANK and KTC.
As of 4.30pm, the price of oil dropped by US$0.49 or 0.91 per cent to $53.08 per barrel, while gold was unchanged at $1,851.40 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,519.18, down 179.08 points or 0.62 per cent.
China’s Shang Hai SE Composite Index closed at 3,566.38, up 0.47 points or 0.013 per cent, while Shenzhen SE Component Index closed at 15,031.70, down 38.43 points or 0.25 per cent.
Hong Kong's Hang Seng Index closed at 28,573.86, up 77.00 points or 0.27 per cent.
South Korea's KOSPI Index closed at 3,085.90, down 64.03 points or 2.03 per cent.
Taiwan's TAIEX Index closed at 15,616.39, down 90.80 points or 0.58 per cent.
Published : January 15, 2021
By : The Nation