Thai stocks rise slightly to snap three-day slide
The Stock Exchange of Thailand (SET) Index closed at 1,549.48 on Friday, up 1.35 points or 0.09 per cent. The volume of total transactions was THB97.35 billion with an index high of 1,558.86 and a low of 1,532.29. The SET rebounded slightly after three consecutive days of losses this week.
In the morning session, Krungsri Securities forecast Friday’s index would fluctuate between 1,535 and 1,560 points amid hopes of economic recovery after the number of US jobless claims fell to the lowest in a year.
"Uncertainty over rising inflation, the falling crude price and outflow of foreign funds would pressure the index," Krungsri Securities said.
The 10 stocks with the highest trade value today were STGT, PTT, KBANK, SAWAD, CPALL, CPF, TIDLOR, RCL, STA and TTA.
Other Asian indices were on the rise:
Japan's Nikkei Index closed at 28,084.47, up 636.46 points or 2.32 per cent.
China's Shanghai SE Composite Index closed at 3,490.38, up 60.84 points or 1.77 per cent, while the Shenzhen SE Component Index closed at 14,208.78, up 291.13 points or 2.09 per cent.
Hong Kong's Hang Seng Index closed at 28,027.57, up 308.90 points or 1.11 per cent.
South Korea's KOSPI closed at 3,153.32, up 31.21 points or 1.00 per cent.
Taiwan's TAIEX Index closed at 15,827.09, up 156.99 points or 1.00 per cent.
