The SET was buoyed by foreign investors buying up stocks that showed improving performance at the end of last year.
In the morning session, a Krungsri Securities analyst forecast the day’s index would fluctuate between 1,495 and 1,515 points despite the US approving $1.9 trillion in economic stimulus measures.
Concern at a possible oil price drop amid expectations that the Opec+ grouping will increase production at their meeting on Thursday, plus a warning of bubble risks in foreign markets from China’s bank regulator, would pressure the index, he said.
The 10 stocks with the highest trade value today were CPALL, AOT, STA, OR, CPF, PTT, BBL, KBANK, COM7 and SAWAD.
Other Asian indices were on the rise:
Japan’s Nikkei Index closed at 29,559.10, up 150.93 points or 0.51 per cent.
China’s Shang Hai SE Composite Index closed at 3,576.90, up 68.31 points or 1.95 per cent, while the Shenzhen SE Component Index closed at 14,932.38, up 181.27 points or 1.23 per cent.
Hong Kong's Hang Seng Index closed at 29,880.42, up 784.56 points or 2.70 per cent.
South Korea's KOSPI closed at 3,082.99, up 39.12 points or 1.29 per cent.
Taiwan's TAIEX Index closed at 16,211.73, up 264.85 points or 1.66 per cent.