Sunday, July 25, 2021

business

Thai stocks gain ground despite worry over inflation, virus


The Stock Exchange of Thailand (SET) Index closed at 1,566.80 on Tuesday, up 17.64 points or 1.14 per cent. The volume of total transactions was THB98.21 billion with an index high of 1,570.37 and a low of 1,558.85.

In the morning session, Krungsri Securities expected the SET Index to rise to 1,560 on hopes of economic recovery after easing of lockdown restrictions in European led to a rise in the price of oil.

However, it warned investors to beware of mass sell-offs to prevent risks from uncertainty over inflation, outflow of foreign funds, and Thailand's rising Covid-19 caseload.

The 10 stocks with the highest trade value today were SIRI, ITD, TIDLOR, RCL, PTT, CBG, STGT, KBANK, KCE and SAWAD.

Other Asian indices were on the rise with one exception:

Japan's Nikkei Index closed at 28,406.84, up 582.01 points or 2.09 per cent.

China's Shanghai SE Composite Index closed at 3,529.01, up 11.40 points or 0.32 per cent, while the Shenzhen SE Component Index closed at 14,450.60, down 5.94 points or 0.041 per cent.

Hong Kong's Hang Seng Index closed at 28,593.81, up 399.72 points or 1.42 per cent.

South Korea's KOSPI closed at 3,173.05, up 38.53 points or 1.23 per cent.

Taiwan's TAIEX Index closed at 16,145.98, up 792.09 points or 5.16 per cent.

Published : May 18, 2021

By : The Nation