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Thai stock market slides back after single-day rise

Jan 20. 2021
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,515.72 on Wednesday, down 6.87 points or 0.45 per cent. Total transactions amounted to Bt93.55 billion with an index high of 1,529.50 and a low of 1,511.41.

In the morning session, an analyst at Krungsri Securities forecast the index would fluctuate between 1,515 and 1,535 points amid the incoming US administration’s $1.9-trillion stimulus package and mass buy-ups of shares in Thai companies whose fourth-quarter turnover is expected to improve.

“However, the SET will be under pressure from its tight valuation and decline in foreign fund inflows,” he said.

The 10 stocks with the highest trade value today were PTT, CBG, KTC, GPSC, BANPU, PTTEP, CPF, SCGP, KBANK and CPALL.

As of 4.30pm, the price of oil rose by US$0.51 or 0.96 per cent to $53.49 per barrel, while gold rose by $16.40 or 0.89 per cent to $1,856.60 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,523.26, down 110.20 points or 0.38 per cent.

China’s Shang Hai SE Composite Index closed at 3,583.09, up 16.71 points or 0.47 per cent, while Shenzhen SE Component Index closed at 15,223.36, up 219.37 points or 1.46 per cent.

Hong Kong's Hang Seng Index closed at 29,962.47, up 320.19 points or 1.08 per cent.

South Korea's KOSPI Index closed at 3,114.55, up 21.89 points or 0.71 per cent.

Taiwan's TAIEX Index closed at 15,806.18, down 71.19 points or 0.45 per cent.

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