Monday, July 26, 2021

business

SET loses ground as virus cases sap Thai index


The Stock Exchange of Thailand (SET) Index closed at 1,578.93 on Tuesday, down 9.22 points or 0.58 per cent. The volume of total transactions was THB102.35 billion with an index high of 1,590.54 and a low of 1,566.91.

In the morning session, Krungsri Securities forecast that the SET Index would fluctuate between 1,560 and 1,575 points amid lack of positive sentiment.

It also predicted Thai stocks would be under pressure from worries over the outflow of foreign funds and mounting Covid-19 cases in Thailand.

"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 TIDLOR, DELTA, KBANK, TU, BANPU, PTT, CPF, BDMS, MTC and SCC.

Other Asian indices were on the fall, except those in China:

Japan's Nikkei Index closed at 28,608.59, down 909.75 points or 3.08 per cent.

China's Shanghai SE Composite Index closed at 3,441.85, up 13.85 points or 0.40 per cent, while the Shenzhen SE Component Index closed at 13,966.78, up 48.82 points or 0.35 per cent.

Hong Kong's Hang Seng Index closed at 28,013.81, down 581.85 points or 2.03 per cent.

South Korea's KOSPI closed at 3,209.43, down 39.87 points or 1.23 per cent.

Taiwan's TAIEX Index closed at 16,583.13, down 652.48 points or 3.79 per cent.

Published : May 11, 2021

By : The Nation