SET proves resilient on bad day for Asian stocks
The Stock Exchange of Thailand (SET) Index closed at 1,534.11 on Thursday, down 9.29 points or 0.60 per cent. Total transactions amounted to Bt108.85 billion with an index high of 1,540.66 and a low of 1,527.88. However, despite losing ground, the SET was the standout performer on a bad day for Asian indices.
In the morning session, a Krungsri Securities analyst expected the index to fluctuate between 1,535 and 1,560 points in line with other Asian indices amid uncertainty over rising US bond yield and a possible drop in the oil price following today’s Opec+ meeting.
However, the index would be buoyed by mass buy-ups of stocks driven by the launch of Covid-19 vaccinations in Thailand, he said.
The 10 stocks with the highest trade value today were CPALL, PTT, AOT, CPF, MTC, SAWAD, BDMS, COM7, OR and PTG.
Other Asian indices were on the fall:
Japan’s Nikkei Index closed at 28,930.11, down 628.99 points or 2.13 per cent.
China’s Shang Hai SE Composite Index closed at 3,503.49, down 73.41 points or 2.05 per cent, while the Shenzhen SE Component Index closed at 14,416.06, down 516.33 points or 3.46 per cent.
Hong Kong's Hang Seng Index closed at 29,236.79, down 643.63 points or 2.15 per cent.
South Korea's KOSPI closed at 3,043.49, down 39.50 points or 1.28 per cent.
Taiwan's TAIEX Index closed at 15,906.41, down 305.32 points or 1.88 per cent.