Saturday, July 24, 2021

business

SET dips after sign of sluggish US recovery


The Stock Exchange of Thailand (SET) Index closed at 1,562.24 on Wednesday, down 4.56 points or 0.29 per cent. Total transactions amounted to THB83.53 billion with an index high of 1,570.05 and a low of 1,557.83.

In the morning session, Krungsri Securities forecast the day’s index would fall to between 1,555 and 1,560 points, in line with the drop in other Asian indices after US home construction fell by a larger-than-expected 9.5 per cent in April.

Also pressuring the SET are the falling oil price over progress on the Iran nuclear deal, plus the outflow of foreign funds, Krungsri Securities said.

“However, the index would rebound on hopes of economic recovery after countries in Europe eased lockdowns,” it added.

The 10 stocks with the highest trade value today were NSL, SIRI, PTT, KCE, KBANK, BCH, CPALL, TIDLOR, ECL and ITD.

Other Asian indices were mixed:

Japan's Nikkei Index closed at 28,044.45, down 362.39 points or 1.28 per cent.

China's Shanghai SE Composite Index closed at 3,510.96, down 18.05 points or 0.51 per cent, while the Shenzhen SE Component Index closed at 14,484.46, up 33.85 points or 0.23 per cent.

Taiwan's TAIEX Index closed at 16,132.66, down 13.32 points or 0.082 per cent.

Hong Kong's Hang Seng Index and South Korea's KOSPI were closed for the Buddha's birthday.

Published : May 19, 2021

By : The Nation