Sun, September 26, 2021

business

SET nudges up but fails to break 1,500


The Stock Exchange of Thailand (SET) Index closed at 1,496.78 on Thursday, up 5.67 points or 0.38 per cent. Total transactions amounted to Bt124.12 billion with an index high of 1,511.30 and a low of 1,494.36.

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In the morning session, a Krungsri Securities analyst expected the day’s index to rise to between 1,500 and 1,510 points after the US Federal Reserve signalled it would maintain its low interest rate, and the price of oil rose following a decline in US oil production.

“However, the index will face volatility due to the MSCI’s move to reduce its Thai stocks weighting by 0.01 per cent, and mass sell-offs to cut risks during the Makha Bucha holiday [Friday, Feb 26],” he said.

The 10 stocks with the highest trade value today were OR, STA, KBANK, PTT, CPALL, CPF, AOT, RCL, GULF and NER.

As of 4.30pm, the price of oil rose by US$0.43 or 0.68 per cent to $63.65 per barrel, while gold dropped by $7.80 or 0.43 per cent to $1,790.10 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 30,168.27, up 496.57 points or 1.67 per cent.

China’s Shang Hai SE Composite Index closed at 3,585.05, up 20.97 points or 0.59 per cent, while Shenzhen SE Component Index closed at 14,828.80, down 41.86 points or 0.28 per cent.

Hong Kong's Hang Seng Index closed at 30,074.17, up 355.93 points or 1.20 per cent.

South Korea's KOSPI Index closed at 3,099.69, up 104.71 points or 3.50 per cent.

Taiwan's TAIEX Index closed at 16,452.18, up 239.65 points or 1.48 per cent.

Published : February 25, 2021

By : The Nation