Mon, October 25, 2021


SET falls below 1500 as investors wait on Fed news

The Stock Exchange of Thailand (SET) Index closed at 1,498.13 on Wednesday, down 14.70 points or 0.97 per cent. Total transactions amounted to Bt78.79 billion with an index high of 1,515.32 and a low of 1,498.25.

In the morning session, an analyst at Krungsri Securities forecast the day’s index would fall to 1,500-1,505 points over a lack of positive sentiment.

He said investors would delay share purchases ahead of today’s US Federal Reserve meeting, while the Delta Electronics price was volatile after the SET extended cash balance regulations for the company’s shares.

“Meanwhile, the decline in foreign fund flows would pressure the index,” he said.

He advised investors to follow the Fed meeting amid expectations the US central bank will keep the interest rate at 0.25 per cent and maintain quantitative easing of $120 billion (Bt3.6 trillion) per month.

The 10 stocks with the highest trade value today were EA, BANPU, KBANK, GPSC, PTT, STGT, GULF, SAWAD, SCGP and SCB.

As of 4.30pm, the price of oil rose by US$0.47 or 0.89 per cent to $53.08 per barrel, while gold dropped by $6.80 or 0.37 per cent to $1,844.10 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,635.21, up 89.03 points or 0.31 per cent.

China’s Shang Hai SE Composite Index closed at 3,573.34, up 3.91 points or 0.11 per cent, while Shenzhen SE Component Index closed at 15,413.84, up 61.42 points or 0.40 per cent.

Hong Kong's Hang Seng Index closed at 29,297.53, down 93.73 points or 0.32 per cent.

South Korea's KOSPI Index closed at 3,122.56, down 17.75 points or 0.57 per cent.

Taiwan's TAIEX Index closed at 15,701.45, up 42.60 points or 0.27 per cent.

Published : January 27, 2021

By : The Nation