Thursday, July 29, 2021

business

SET rebounds by almost 1.5% after dropping 2% on Wednesday.


The Stock Exchange of Thailand (SET) Index closed at 1,571.91 on Thursday, up 22.69 points or 1.46 per cent. The volume of total transactions was THB91.32 billion with an index high of 1,575.37 and a low of 1,551.42.

The Thai stock market bounced back after falling sharply by 33.91 points or 2.14 per cent on Wednesday.

In the morning session, Krungsri Securities predicted the Thursday’s index would fall to between 1,540 and 1,545 points over uncertainty on whether the US Federal Reserve would raise the interest rate coupled with the surge of Covid-19 cases in Thailand, resulting in high volatility in foreign fund flows.

“However, mass buy-ups of stocks that gain positive sentiment and whose first-quarter performance is likely to improve would help boost the index,” Krungsri Securities said.

The 10 stocks with the highest trade value today were DELTA, STA, KBANK, SCC, BANPU, PTT, SAWAD, IVL, STGT and COM7.

Other Asian indices were on the rise, except in China:

Japan's Nikkei Index closed at 29,331.37, up 518.74 points or 1.80 per cent.

China's Shanghai SE Composite Index closed at 3,441.28, down 5.57 points or 0.16 per cent, while the Shenzhen SE Component Index closed at 14,210.60, down 227.97 points or 1.58 per cent.

Hong Kong's Hang Seng Index closed at 28,637.46, up 219.48 points or 0.77 per cent.

South Korea's KOSPI closed at 3,178.74, up 31.37 points or 1.00 per cent.

Taiwan's TAIEX Index closed at 16,994.36, up 150.92 points or 0.90 per cent.

Published : May 06, 2021

By : The Nation