Monday, June 14, 2021

business

SET gains ground despite virus surge


The Stock Exchange of Thailand (SET) Index closed at 1,559.53 on Monday, up 5.94 points or 0.38 per cent. Total transactions amounted to THB83 billion with an index high of 1,561.52 and a low of 1,544.10.

In the morning session, Krungsri Securities forecast Monday’s SET Index would fall to between 1,530 and 1,540 amid the rising number of Covid-19 cases in Thailand and outflow of foreign funds.

It added that foreign investors had made net sales for five days in a row worth a total THB8.7 billion.

"However, the index will rebound as investors speculate on stocks with positive sentiment and on companies whose first-quarter performance is likely to show improvement," said Krungsri Securities.

It advised investors to follow the US Federal Reserve meeting on April 27-28, when the Fed is expected to maintain the interest rate at 0.25 per cent and retain quantitative easing.

The 10 stocks with the highest trade value today were KBANK, BFIT, BCH, SAWAD, BDMS, SCC, CPALL, SCB, PTTGC and PTT.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 29,126.23, up 105.60 points or 0.36 per cent.

China’s Shang Hai SE Composite Index closed at 3,441.17, down 33.00 points or 0.95 per cent, while Shenzhen SE Component Index closed at 14,224.45, down 127.41 points or 0.89 per cent.

Hong Kong's Hang Seng Index closed at 28,952.83, down 125.92 points or 0.43 per cent.

South Korea's KOSPI closed at 3,217.53, up 31.43 points or 0.99 per cent.

Taiwan's TAIEX Index closed at 17,572.29, up 272.02 points or 1.57 per cent.

Published : April 26, 2021

By : The Nation