SET drops to 1,500 after three days of losses
The Stock Exchange of Thailand (SET) Index closed at 1,500.51 on Friday, down 10.52 points or 0.70 per cent. The volume of total transactions was Bt90.5 billion with an index high of 1,507.63 and a low of 1,493.52. The SET fell for the third day in a row, after dropping 0.26 per cent on Thursday and 0.50 per cent on Wednesday.
In the morning session, a Krungsri Securities analyst forecast the day’s index would fall to between 1,500 and 1,505 points following a rise in US unemployment claims, concern over the possibility of inflation, and a falling oil price.
He added that the index would be under pressure from its tight valuation and a decline in foreign inflows.
The 10 stocks with the highest trade value today were KISS, OR, STA, TASCO, CPF, KBANK, PTT, STGT, BBL and CBG.
As of 4.30pm, the price of oil dropped by US$0.83 or 1.37 per cent to $59.69 per barrel, while gold dropped by $1.60 or 0.09 per cent to $1,773.40 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 30,017.92, down 218.17 points or 0.72 per cent.
China’s Shang Hai SE Composite Index closed at 3,696.17, up 20.81 points or 0.57 per cent, while the Shenzhen SE Component Index closed at 15,823.10, up 55.67 points or 0.35 per cent.
Hong Kong's Hang Seng Index closed at 30,644.73, up 49.46 points or 0.16 per cent.
South Korea's KOSPI closed at 3,107.62, up 20.96 points or 0.68 per cent.
Taiwan's TAIEX Index closed at 16,341.38, down 83.13 points or 0.51 per cent.