Wednesday, September 22, 2021

business

SET fares best as Asian stocks slide


The Stock Exchange of Thailand (SET) Index closed at 1,491.11 on Wednesday, down 9.50 points or 0.63 per cent. Total transactions amounted to Bt96.24 billion with an index high of 1,507.78 and a low of 1,485.94. However, other stock markets across Asia all suffered larger losses on Wednesday.

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In the morning session, a Krungsri Securities analyst expected the day’s SET index to fluctuate between 1,490 and 1,510 points despite positive news of the US Federal Reserve maintaining quantitative easing and the arrival of Thailand’s first batch of Covid-19 vaccine.

“Uncertainty over the rising US Treasury bond yield and the MSCI’s move to reduce Thai stocks by 0.01 per cent will pressure the index,” he said, adding that the MSCI’s move would take effect on Thursday.

The 10 stocks with the highest trade value today were STA, OR, PTT, CPALL, COM7, SCGP, KBANK, AOT, MINT and STGT.

As of 4.30pm, the price of oil dropped by US$0.07 or 0.11 per cent to $61.60 per barrel, while gold rose by $0.80 or 0.04 per cent to $1,806.70 per ounce.

Other Asian indices were on the fall:

Japan’s Nikkei Index closed at 29,671.70, down 484.33 points or 1.61 per cent.

China’s Shang Hai SE Composite Index closed at 3,564.08, down 72.28 points or 1.99 per cent, while Shenzhen SE Component Index closed at 14,870.66, down 372.59 points or 2.44 per cent.

Hong Kong's Hang Seng Index closed at 29,718.24, down 914.40 points or 2.99 per cent.

South Korea's KOSPI closed at 2,994.98, down 75.11 points or 2.45 per cent.

Taiwan's TAIEX Index closed at 16,212.53, down 230.87 points or 1.40 per cent.

Published : February 24, 2021

By : The Nation