Tue, September 28, 2021

business

SET gains almost 1% as trade buoyed by US stimulus hopes, Japanese GDP


The Stock Exchange of Thailand (SET) Index closed at 1,522.72 on Monday, up 14.37 points or 0.95 per cent. Total transactions amounted to Bt106.65 billion with an index high of 1,529.98 and a low of 1,513.33.

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In the morning session, a Krungsri Securities analyst expected the day’s index to rebound to between 1,520 and 1,525 points on hope of new US economic relief, the rising oil price, and 12.7 per cent growth in Japan's fourth-quarter GDP.

"However, investors should beware of mass sell-offs of stocks due to the tight index valuation," he warned, adding that the SET price-earnings ratio was 30.

The 10 stocks with the highest trade value today were OR, PTT, BAM, SCGP, KBANK, BANPU, PTTEP, DELTA, GPSC and CBG.

As of 4.30pm, the price of oil rose by US$1.03 or 1.73 per cent to $60.50 per barrel, while gold dropped by $4.80 or 0.26 per cent to $1,818.40 per ounce.

For other Asian indices:

Japan’s Nikkei Index closed at 30,084.15, up 564.08 points or 1.91 per cent.

South Korea's KOSPI closed 3,147.00, up 46.42 points or 1.50 per cent.

Stock markets in China, Hong Kong and Taiwan were closed for Lunar New Year.

Published : February 15, 2021

By : The Nation