Thai stocks buoyed by rising oil but foreign outflows a worry
The Stock Exchange of Thailand (SET) Index closed at 1,486.25 on Tuesday, up 8.20 points or 0.55 per cent. Total transactions amounted to Bt77.03 billion with an index high of 1,496.46 and a low of 1,480.50.
In the morning session, Krungsri Securities forecast the day’s index would fluctuate between 1,485 and 1,490 points in line with other stock markets in the region after investors relaxed their focus on the GameStop share battle on Wall Street.
The securities firm said the SET was supported by the rising oil price, after Saudi Arabia cut production.
The firm also warned investors of continued outflow of foreign funds from the SET.
The 10 stocks with the highest trade value today were PTT, KBANK, AOT, BANPU, EA, SCB, JMART, BBL, PTTEP and CBG.
As of 4.40pm, the price of oil rose by US$0.65 or 1.21 per cent to $54.20 per barrel, while gold dropped by $13.50 or 0.72 per cent to $1,850.40 per ounce.
Other Asian indices were on the rise:
Japan’s Nikkei Index closed at 28,362.17, up 271.12 points or 0.97 per cent.
China’s Shang Hai SE Composite Index closed at 3,533.68, up 28.40 points or 0.81 per cent, while Shenzhen SE Component Index closed at 15,335.66, up 311.42 points or 2.07 per cent.
Hong Kong's Hang Seng Index closed at 29,248.70, up 355.84 points or 1.23 per cent.
South Korea's KOSPI Index closed at 3,096.81, up 40.28 points or 1.32 per cent.
Taiwan's TAIEX Index closed at 15,760.05, up 349.96 points or 2.27 per cent.
