Sun, October 17, 2021

business

SET plunges more than 2% as Covid surge hits Thai stocks


The Stock Exchange of Thailand (SET) Index closed at 1,549.22 on Wednesday, down 33.91 points or 2.14 per cent. The volume of total transactions was THB127.10 billion with an index high of 1,583.27 and a low of 1,547.35.

In the morning session, Krungsri Securities expected the day’s index to rebound to between 1,590 and 1,595 on mass buy-ups of energy and petroleum shares after the oil price rose to $66 (Bt2,054) per barrel and expectations of better first-quarter performances.

The index also gained positive sentiment from hopes of economic recovery as the US and Europe ease their lockdowns, it added.

“However, uncertainty over the higher number of Covid-19 cases in Thailand and volatility in foreign fund flows would pressure the index,” said Krungsri Securities.

 

The 10 stocks with the highest trade value today were KBANK, PTT, AOT, CPALL, SCB, STA, SAWAD, STGT, IRPC and PTTEP.

Other Asian indices were on the fall:

Hong Kong's Hang Seng Index closed at 28,417.98, down 139.16 points or 0.49 per cent.

Taiwan's TAIEX Index closed at 16,843.44, down 90.34 points or 0.53 per cent.

Japan’s Nikkei Index was closed for Golden Week, while China’s Shanghai and Shenzhen indices were closed for Labour Day and South Korea's KOSPI was shut for Children's Day.

Published : May 05, 2021

By : The Nation