Sun, September 26, 2021

business

SET down 0.26% despite Fed news


The Stock Exchange of Thailand (SET) Index closed at 1,511.03 on Thursday, down 3.88 points or 0.26 per cent. Total transactions amounted to Bt97.63 billion with an index high of 1,524.11 and a low of 1,510.77.

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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 after the US Federal Reserve opted to maintain its quantitative easing policy and the oil price rose after Texas refineries were shut down by snowstorms.

“However, the SET will be under pressure due to its tight valuation,” he predicted.

The 10 stocks with the highest trade value today were STA, OR, STGT, PTG, PTT, CBG, KBANK, CPF, BBL and SAWAD.

As of 4.30pm, the price of oil rose by US$0.23 or 0.38 per cent to $61.37 per barrel, while gold rose by $13.50 or 0.76 per cent to $1,786.30 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 30,236.09, down 56.10 points or 0.19 per cent.

China’s Shang Hai SE Composite Index closed at 3,675.36, up 20.27 points or 0.55 per cent, while the Shenzhen SE Component Index closed at 15,767.44, down 194.81 points or 1.22 per cent.

Hong Kong's Hang Seng Index closed at 30,595.27, down 489.67 points or 1.58 per cent.

South Korea's KOSPI closed at 3,086.66, down 47.07 points or 1.50 per cent.

Taiwan's TAIEX Index closed at 16,424.51, up 62.22 points or 0.38 per cent.

Published : February 18, 2021

By : The Nation