Wednesday, July 28, 2021

business

Thai stocks rise despite Covid surge


The Stock Exchange of Thailand (SET) Index closed at 1,548.96 on Friday, up 7.84 points or 0.51 per cent. Total transactions amounted to Bt89.46 billion with an index high of 1,550.26 and a low of 1,529.29.

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In the morning session, Krungsri Securities forecast the day’s index would fall to between 1,530 and 1,535 points before rebounding, after new cases of Covid-19 in Thailand rose by over 1,500 on Thursday. Krungsri Securities added that negative sentiment from the surge in cases had impacted all aspects of the economy.

"However, the rising oil price in response to Opec's new forecast that fuel demand would increase this year, together with falling US bond yield, will help the SET rebound," it said.

The 10 stocks with the highest trade value today were KBANK, PTTEP, PTT, SCC, KCE, CPALL, SCB, OR, COM7 and BBL.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 29,683.37, up 40.68 points or 0.14 per cent.

China’s Shang Hai SE Composite Index closed at 3,426.62, up 27.63 points or 0.81 per cent, while the Shenzhen SE Component Index closed at 13,720.74, up 40.47 points or 0.30 per cent.

Hong Kong's Hang Seng Index closed at 28,969.71, up 176.57 points or 0.61 per cent.

South Korea's KOSPI closed at 3,198.62, up 4.29 points or 0.13 per cent.

Taiwan's TAIEX Index closed at 17,158.81, up 82.08 points or 0.48 per cent.

Published : April 16, 2021

By : The Nation