Sunday, April 18, 2021

SET dips amid signs of overbought stocks

Apr 05. 2021
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By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,579.66 on Monday, down 16.61 points or 1.04 per cent. The volume of total transactions was Bt81.50 billion with an index high of 1,601.24 and a low of 1,575.56.

In the morning session, Krungsri Securities expected the day’s index to climb to between 1,600 and 1,605 before falling back, after a rise in US non-farm payrolls and falling jobless claims, plus the US administration’s $2.26-trillion infrastructure plan.

However, uncertainty over the rising US bond yield and signs of overbought stocks would pressure the index, said Krungsri Securities.

The 10 stocks with the highest trade value today were DELTA, GUNKUL, IRPC, STGT, STARK, STA, CPALL, PTTGC, AI and IVL.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 30,089.25, up 235.25 points or 0.79 per cent.

South Korea's KOSPI closed at 3,120.83, up 8.03 points or 0.26 per cent.

China and Taiwan stock indices were closed for the Qingming festival, while Hong Kong's Hang Seng Index was closed for Easter.

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