Tuesday, June 22, 2021

business

Thai stocks rebound after three days of losses


The Stock Exchange of Thailand (SET) Index closed at 1,522.59 on Tuesday, up 12.46 points or 0.82 per cent. Total transactions amounted to Bt87.64 billion with an index high of 1,529.17 and a low of 1,518.66. The SET snapped a three-day run of losses that began last week on Thursday.

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In Tuesday’s morning session, an analyst at Krungsri Securities forecast the day's index would rebound to between 1,515 and 1,520 after China's fourth-quarter GDP in 2020 rose by 6.5 per cent, accelerating from 4.9 per cent in the previous quarter.

"However, investors should beware of volatility due to the tight SET valuation and decline in foreign capital inflows," he said, adding the index’s price-to-earnings ratio was 30 times.

The 10 stocks with the highest trade value today were PTT, CBG, KBANK, GPSC, BANPU, IVL, STGT, PTTEP, CPF and TASCO.

As of 4.30pm, the price of oil rose by US$0.05 or 0.10 per cent to $52.41 per barrel, while gold rose by $12.50 or 0.68 per cent to $1,842.40 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,633.46, up 391.25 points or 1.39 per cent.

China’s Shang Hai SE Composite Index closed at 3,566.38, down 29.84 points or 0.83 per cent, while Shenzhen SE Component Index closed at 15,003.98, down 265.29 points or 1.74 per cent.

Hong Kong's Hang Seng Index closed at 29,642.28, up 779.51 points or 2.70 per cent.

South Korea's KOSPI Index closed at 3,092.66, up 78.73 points or 2.61 per cent.

Taiwan's TAIEX Index closed at 15,877.37, up 265.37 points or 1.70 per cent.

Published : January 19, 2021

By : The Nation