Thai stocks shrug off Covid worries to rise over 1%
The Stock Exchange of Thailand (SET) Index closed at 1,576.79 on Wednesday, up 17.56 points or 1.13 per cent. The volume of total transactions was THB94.64 billion with an index high of 1,578.62 and a low of 1,562.84.
In the morning session, Krungsri Securities forecast Wednesday’s SET index would fluctuate between 1,550 and 1,570 points as investors awaited the outcome of a US Federal Reserve meeting.
The Fed is expected to maintain the interest rate at 0.25 per cent and continue its quantitative easing policy.
“Meanwhile, uncertainty over higher Covid-19 cases in Thailand and volatility in foreign fund flows would pressure the index,” Krungsri Securities predicted.
The 10 stocks with the highest trade value today were ASW, KBANK, SCC, SCGP, GUNKUL, IVL, TISCO, AOT, PTTGC and PTL.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 29,053.97, up 62.08 points or 0.21 per cent.
China’s Shang Hai SE Composite Index closed at 3,457.07, up 14.46 points or 0.42 per cent, while Shenzhen SE Component Index closed at 14,398.38, up 134.30 points or 0.94 per cent.
Hong Kong's Hang Seng Index closed at 29,071.34, up 129.80 points or 0.45 per cent.
South Korea's KOSPI closed at 3,181.47, down 33.95 points or 1.06 per cent.
Taiwan's TAIEX closed at 17,567.53, down 28.37 points or 0.16 per cent.
