SET rebounds despite new virus wave
The Stock Exchange of Thailand (SET) Index closed at 1,558.83 on Thursday, up 2.27 points or 0.15 per cent. Total transactions were Bt83 billion with an index high of 1,564.65 and a low of 1,552.18. The SET rebounded after falling 1.46 per cent on Wednesday.
In the morning session, Krungsri Securities forecast that the day’s SET would fall to between 1,545 and 1,550 points as a new wave of Covid-19 sparked uncertainty over Thailand’s economic recovery.
However, the US Federal Reserve’s resolution to maintain monetary policies until the economy recovers and the International Monetary Fund’s move to raise its global growth forecast would help the index rebound, Krungsri Securities predicted.
The 10 stocks with the highest trade value today were STA, STGT, DELTA, SCC, KCE, IRPC, HANA, KBANK, TISCO and PTT.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 29,708.98, down 21.81 points or 0.073 per cent.
China’s Shang Hai SE Composite Index closed at 3,482.55, up 2.93 points or 0.084 per cent, while Shenzhen SE Component Index closed at 13,989.94, up 10.63 points or 0.076 per cent.
Hong Kong's Hang Seng Index closed at 29,008.07, up 333.27 points or 1.16 per cent.
South Korea's KOSPI closed at 3,143.26, up 5.85 points or 0.19 per cent.
Taiwan's TAIEX Index closed at 16,926.44, up 111.08 points or 0.66 per cent.
