Saturday, July 24, 2021

business

SET edges down as Asian stocks slide


The Stock Exchange of Thailand (SET) Index closed at 1,563.96 on Friday, down 4.86 points or 0.31 per cent. Total transactions amounted to Bt88.71 billion with an index high of 1,566.67 and a low of 1,554.96.

1,684

View

In the morning session, a Krungsri Securities analyst predicted the SET would fall to a support line at 1,555-1,560 points as the US bond yield rose amid uncertainty over inflation, and the oil price fell after lockdowns were reimposed in Europe.

"Also, mass sell-offs of Thai shares after the FTSE re-weighted Thai stocks from 2.3 per cent to 2.25 per cent will pressure the index," the analyst said.

The 10 stocks with the highest trade value today were OR, PTT, DELTA, PTTEP, CPALL, GUNKUL, BBL, PTTGC, CPF and IVL.

Other Asian indices were on the slide:

Japan’s Nikkei Index closed at 29,792.05, down 424.70 points or 1.41 per cent.

China’s Shang Hai SE Composite Index closed at 3,404.66, down 58.40 points or 1.69 per cent, while Shenzhen SE Component Index closed at 13,606.00, down 357.92 points or 2.56 per cent.

Hong Kong's Hang Seng Index closed at 28,990.94, down 414.78 points or 1.41 per cent.

South Korea's KOSPI closed at 3,039.53, down 26.48 points or 0.86 per cent.

Taiwan's TAIEX Index closed at 16,070.24, down 217.60 points or 1.34 per cent.

Published : March 19, 2021

By : The Nation