Thursday, June 17, 2021

business

SET levels out as investors wait on US Fed meeting


The Stock Exchange of Thailand (SET) Index closed at 1,559.23 on Tuesday, down 0.30 points or 0.02 per cent. The volume of total transactions was THB97.52 billion with an index high of 1,570.58 and a low of 1,553.03.

In the morning session, Krungsri Securities forecast Tuesday’s SET Index would fluctuate between 1,550 and 1,570 points as investors delayed purchases to await the outcome of the US Federal Reserve meeting on Wednesday.

The Fed is expected to maintain the interest rate at 0.25 per cent and continue its quantitative easing policy.

Krungsri Securities said uncertainty over the increasing number of Covid-19 cases in Thailand and volatility in foreign fund flows would pressure the index.

"However, the index would rebound as investors speculate on stocks that gain positive sentiment and companies whose first-quarter performance is likely to improve.”

The 10 stocks with the highest trade value today were AOT, BFIT, SCGP, KBANK, TSTH, NER, SCC, GJS, INOX and ROJNA.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,991.89, down 134.34 points or 0.46 per cent.

China’s Shang Hai SE Composite Index closed at 3,442.61, up 1.45 points or 0.042 per cent, while the Shenzhen SE Component Index closed at 14,264.08, up 39.64 points or 0.28 per cent.

Hong Kong's Hang Seng Index closed at 28,941.54, down 11.29 points or 0.039 per cent.

South Korea's KOSPI closed at 3,215.42, down 2.11 points or 0.066 per cent.

Taiwan's TAIEX Index closed at 17,595.90, up 23.61 points or 0.13 per cent.

Published : April 27, 2021

By : The Nation