Wednesday, July 28, 2021

business

SET down slightly ahead of interest rate decision


The Stock Exchange of Thailand (SET) Index closed at 1,564.25 on Tuesday, down 2.11 points or 0.13 per cent. Total transactions amounted to Bt93 billion with an index high of 1,574.14 and a low of 1,562.03.

1,258

View

In the morning session, a Krungsri Securities analyst expected the day’s index to fluctuate between 1,560 and 1,575 points despite the US push for another $3 trillion in stimulus spending, plus the sliding US Treasury bond yield.

"However, volatility in fund flows is expected to pressure the index today," the analyst said.

He advised investors to follow Wednesday’s Bank of Thailand Monetary Policy meeting, which is expected to maintain the interest rate at 0.5 per cent.

The 10 stocks with the highest trade value today were OR, JMART, BANPU, TTA, KBANK, CPF, SCGP, SCC, JMT and CPALL.

Other Asian indices were on the slide:

Japan’s Nikkei Index closed at 28,995.92, down 178.23 points or 0.61 per cent.

China’s Shang Hai SE Composite Index closed at 3,411.51, down 31.93 points or 0.93 per cent, while Shenzhen SE Component Index closed at 13,607.27, down 153.70 points or 1.12 per cent.

Hong Kong's Hang Seng Index closed at 28,497.38, down 387.96 points or 1.34 per cent.

South Korea's KOSPI closed at 3,004.74, down 30.72 points or 1.01 per cent.

Taiwan's TAIEX Index closed at 16,177.59, down 11.63 points or 0.072 per cent.

Published : March 23, 2021

By : The Nation