SET sinks below 1,500 points after fourth day of losses
The Stock Exchange of Thailand (SET) Index closed at 1,478.14 on Monday, down 22.37 points or 1.49 per cent. The volume of total transactions was Bt89.8 billion with an index high of 1,505.47 and a low of 1,476.50.
The SET fell for the fourth day in a row, after dropping 0.70 per cent on Friday, 0.26 per cent on Thursday and 0.50 per cent on Wednesday last week.
In the morning session, a Krungsri Securities analyst expected the day’s index to fluctuate between 1,490 and 1,510 due to lack of positive sentiment, the low oil price and outflow of foreign funds.
"However, the index will rebound from mass buy-ups of shares of companies whose fourth-quarter performance is expected to improve," he forecast.
The 10 stocks with the highest trade value today were STA, OR, STGT, KBANK, CBG, PTT, CPF, PTG, GPSC and BBL.
As of 4.30pm, the price of oil rose by US$0.41 or 0.69 per cent to $59.65 per barrel, while gold rose by $18.40 or 1.04 per cent to $1,795.80 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 30,156.03, up 138.11 points or 0.46 per cent.
China’s Shang Hai SE Composite Index closed at 3,642.44, down 53.72 points or 1.45 per cent, while the Shenzhen SE Component Index closed at 15,336.95, down 486.15 points or 3.07 per cent.
Hong Kong's Hang Seng Index closed at 30,319.83, down 324.90 points or 1.06 per cent.
South Korea's KOSPI closed at 3,079.75, down 27.87 points or 0.90 per cent.
Taiwan's TAIEX Index closed at 16,410.16, up 68.78 points or 0.42 per cent.