Wed, December 01, 2021

business

SET nudges up after US passes $1.9tn injection for economy


The Stock Exchange of Thailand (SET) Index closed at 1,575.13 on Thursday, up 2.08 points or 0.13 per cent. Total transactions amounted to Bt102.01 billion with an index high of 1,584.61 and a low of 1,569.87.

In the morning session, a Krungsri Securities analyst expected the SET to rise to between 1,580 and 1,590 points after US lawmakers approved a $1.9-trillion (Bt58.3 trillion) economic stimulus package, the US bond yield fell, and the consumer price index for February rose slightly.

The SET also gained positive sentiment from the Thai government’s economic stimulus measures and plans to lift restrictions on tourists entering the country.

The 10 stocks with the highest trade value today were CPF, IVL, AOT, CPALL, BAM, PTT, STA, DELTA, KBANK and OR.

As of 4.30pm, the oil price rose by $0.80 or 1.24 per cent to $65.24 per barrel, while the gold price dropped by $12.50 or 0.73 per cent to $1,734.30 per ounce.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 29,211.64, up 175.08 points or 0.60 per cent.

China’s Shang Hai SE Composite Index closed at 3,436.83, up 79.09 points or 2.36 per cent, while the Shenzhen SE Component Index closed at 13,866.37, up 303.03 points or 2.23 per cent.

Hong Kong's Hang Seng Index closed at 29,385.61, up 478.09 points or 1.65 per cent.

South Korea's KOSPI closed at 3,013.70, up 55.58 points or 1.88 per cent.

Taiwan's TAIEX Index closed at 16,179.56, up 267.89 points or 1.68 per cent.

Published : March 11, 2021

By : The Nation