Monday, May 17, 2021

business

SET dives 1.6% as fresh outbreak hits Thai stocks


The Stock Exchange of Thailand (SET) Index closed at 1,541.12 on Monday, down 25.22 points or 1.61 per cent. Total transactions amounted to Bt78 billion with an index high of 1,562.07 and a low of 1,539.24.

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In the morning session, Krungsri Securities forecast the day’s index would fall to between 1,555 and 1,560 points after Thailand’s daily Covid-19 count rose by almost 1,000 cases on Sunday, triggering uncertainty over the economic recovery, especially in tourism.

"Also, finance-related stocks will be under pressure due to negative news on the interest rate adjustment and calculation method, while investors will sell stocks to reduce risk over the Songkran holiday," said a Krungsri Securities analyst.

The 10 stocks with the highest trade value today were KBANK, CPALL, BDMS, STGT, DELTA, SAWAD, BBL, BCH, PTT and AOT.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 29,538.73, down 229.33 points or 0.77 per cent.

China’s Shang Hai SE Composite Index closed at 3,412.95, down 37.73 points or 1.09 per cent, while Shenzhen SE Component Index closed at 13,495.72, down 317.59 points or 2.30 per cent.

Hong Kong's Hang Seng Index closed at 28,453.28, down 245.52 points or 0.86 per cent.

South Korea's KOSPI closed at 3,135.59, up 3.71 points or 0.12 per cent.

Taiwan's TAIEX Index closed at 16,859.70, up 5.60 points or 0.033 per cent.

Published : April 12, 2021

By : The Nation