Monday, June 14, 2021

business

Thai stocks slide as Covid restrictions tighten


The Stock Exchange of Thailand (SET) Index closed at 1,583.13 on Friday, down 7.33 points or 0.46 per cent. Total transactions amounted to THB85.48 billion with an index high of 1,593.23 and a low of 1,580.74.

In the morning session, Krungsri Securities expected the index on Friday to fluctuate between 1,580 and 1,600 points amid positive sentiment over the government's plan for nationwide vaccination by the third quarter of this year.

The index was also buoyed by mass buy-ups of energy stocks in line with the rising oil price, as well as shares whose first-quarter turnover is expected to improve, according to Krungsri Securities.

"However, the Centre for Covid-19 Situation Administration’s move to tighten restrictions in six red-zone provinces from May and mass sell-offs of shares to prevent risks during the four-day holiday would pressure the index," it said.

The 10 stocks with the highest trade value today were COTTO, KBANK, PTT, PTTGC, SCC, IRPC, DELTA, SCGP, GUNKUL and PTTEP.

Other Asian indices were on the fall:

China’s Shang Hai SE Composite Index closed at 3,446.86, down 28.04 points or 0.81 per cent, while the Shenzhen SE Component Index closed at 14,438.57, down 25.51 points or 0.18 per cent.

Hong Kong's Hang Seng Index closed at 28,724.88, down 578.38 points or 1.97 per cent.

South Korea's KOSPI closed at 3,147.86, down 26.21 points or 0.83 per cent.

Japan’s Nikkei Index was closed for Golden Week, while Taiwan's TAIEX was shut for National Labour Day.

Published : April 30, 2021

By : The Nation