Tuesday, June 22, 2021

business

Thai stock market drops almost 2%


The Stock Exchange of Thailand (SET) Index closed at 1,468.51 on Thursday, down 29.62 points or 1.98 per cent. Total transactions amounted to Bt92.61 billion with an index high of 1,492 and a low of 1,467.74.

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In the morning session, an analyst at Krungsri Securities expected the day’s index to fall to 1,480-1,490 points after the US Federal Reserve decided against launching more measures to tackle the economic impact of Covid-19.

Foreign investors’ net sales of Bt8.7 billion over the past four days would also pressure the index, he added.

“However, the SET will rebound from mass buy-ups of stocks whose fourth-quarter turnover is expected to improve,” he predicted.

The 10 stocks with the highest trade value today were EA, SCC, PTT, KBANK, GPSC, SAWAD, CPALL, STGT, IVL and CBG.

As of 4.30pm, the price of oil dropped by US$0.38 or 0.72 per cent to $52.47 per barrel, while gold dropped by $7.40 or 0.40 per cent to $1,837.50 per ounce.

Other Asian indices were on the fall:

Japan’s Nikkei Index closed at 28,197.42, down 437.79 points or 1.53 per cent.

China’s Shang Hai SE Composite Index closed at 3,505.18, down 68.17 points or 1.91 per cent, while Shenzhen SE Component Index closed at 14,913.20, down 500.64 points or 3.25 per cent.

Hong Kong’s Hang Seng Index closed at 28,550.77, down 746.76 points or 2.55 per cent.

South Korea’s KOSPI Index closed at 3,069.05, down 53.51 points or 1.71 per cent.

Taiwan’s TAIEX Index closed at 15,415.88, down 285.57 points or 1.82 per cent.

Published : January 28, 2021

By : The Nation