Sun, October 17, 2021

business

SET sinks below 1,500 points after bank sell-offs, drop in foreign inflows


The Stock Exchange of Thailand (SET) Index closed at 1,497.88 on Friday, down 15.63 points or 1.03 per cent. Total transactions amounted to Bt96.69 billion with an index high of 1,518.05 and a low of 1,494.45.

In the morning session, an analyst at Krungsri Securities expected the index to fall to between 1,500 and 1,505 points despite the Bangkok Metropolitan Administration's move to allow 13 types of business to reopen in Bangkok.

"The index will be under pressure due to a decline in foreign fund inflows and mass sell-offs of bank shares [KTB, SCB and BBL] after their fourth-quarter performance was worse than expected," he said.

The 10 stocks with the highest trade value today were KBANK, BBL, PTT, STGT, SCB, KTC, CPN, TISCO, GPSC and SCC.

As of 4.30pm, the price of oil dropped by US$0.88 or 1.66 per cent to $52.25 per barrel, while gold dropped by $4.10 or 0.22 per cent to $1,861.80 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,631.45, down 125.41 points or 0.44 per cent.

China’s Shang Hai SE Composite Index closed at 3,606.75, down 14.51 points or 0.40 per cent, while Shenzhen SE Component Index closed at 15,628.73, up 108.13 points or 0.70 per cent.

Hong Kong's Hang Seng Index closed at 29,447.85, down 479.91 points or 1.60 per cent.

South Korea's KOSPI Index closed at 3,140.63, down 20.21 points or 0.64 per cent.

Taiwan's TAIEX Index closed at 16,019.03, down 134.74 points or 0.83 per cent.

Published : January 22, 2021

By : The Nation