Thai stock market bucks Asian trend to rise 0.75%
The Stock Exchange of Thailand (SET) Index closed at 1,512.83 on Tuesday, up 11.21 points or 0.75 per cent. Total transactions amounted to Bt87.82 billion with an index high of 1,514.82 and a low of 1,490.37.
In the morning session, an analyst at Krungsri Securities forecast the SET would fall to between 1,490 and 1,495 after the $1.9-billion US stimulus package hit trouble in Congress, and lockdowns around the world continue to slow economic recovery.
He added that the decline in foreign fund inflows and the rising Covid-19 case count in Thailand would affect investment direction.
The 10 stocks with the highest trade value today were EA, SCGP, KTC, KBANK, CBG, PTT, GPSC, SCB, CPALL and DELTA.
As of 4.30pm, the price of oil dropped by US$0.02 or 0.04 per cent to $52.75 per barrel, while gold dropped by $2.70 or 0.15 per cent to $1,852.50 per ounce.
Other Asian indices were on the fall:
Japan’s Nikkei Index closed at 28,546.18, down 276.11 points or 0.96 per cent.
China’s Shang Hai SE Composite Index closed at 3,569.43, down 54.81 points or 1.51 per cent, while Shenzhen SE Component Index closed at 15,352.42, down 357.77 points or 2.28 per cent.
Hong Kong's Hang Seng Index closed at 29,391.26, down 767.75 points or 2.55 per cent.
South Korea's KOSPI Index closed at 3,140.31, down 68.68 points or 2.14 per cent.
Taiwan's TAIEX Index closed at 15,658.85, down 287.69 points or 1.80 per cent.
