Thai stock market rebounds past 1,500 points
The Stock Exchange of Thailand (SET) Index closed at 1,501.62 on Monday, up 3.74 points or 0.25 per cent. Total transactions amounted to Bt82.77 billion with an index high of 1,505.47 and a low of 1,491.63.
In the morning session, an analyst at Krungsri Securities forecast the SET would fall to between 1,485 and 1,490 after the US stimulus plan hit trouble in the Senate and the price of oil price fell on increased US oil storage.
The decline in foreign inflows would also pressure the index, he said.
The 10 stocks with the highest trade value today were PTT, HANA, KBANK, STGT, CBG, SCGP, EA, KTC, GPSC and ADVANC.
As of 4.30pm, the price of oil rose by US$0.42 or 0.80 per cent to $52.69 per barrel, while gold dropped by $5.40 or 0.29 per cent to $1,850.80 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,822.29, up 190.84 points or 0.67 per cent.
China’s Shang Hai SE Composite Index closed at 3,624.24, up 17.49 points or 0.48 per cent, while Shenzhen SE Component Index closed at 15,710.19, up 81.46 points or 0.52 per cent.
Hong Kong’s Hang Seng Index closed at 30,159.01, up 711.16 points or 2.41 per cent.
South Korea's KOSPI Index closed at 3,208.99, up 68.36 points or 2.18 per cent.
Taiwan’s TAIEX Index closed at 15,946.54, down 72.49 points or 0.45 per cent.
