Wednesday, July 28, 2021

business

SET levels off amid worries over foreign outflows


The Stock Exchange of Thailand (SET) Index closed at 1,581.98 on Friday, down 0.98 points or 0.06 per cent. Transactions amounted to THB99.50 billion with an index high of 1,595.45 and a low of 1,579.53.

In the morning session, Krungsri Securities expected the index on Friday to rise to between 1,595 and 1,600 points as the number of US jobless claims continued to fall and US President Joe Biden prepared to deliver his $6-trillion budget plan for 2022 on Friday.

It added that the index had also gained positive sentiment from the rising oil price.

However, investors should beware of mass sell-offs due to the outflow of foreign funds, Krungsri Securities said.

The 10 stocks with the highest trade value today were KBANK, KTC, CBG, ITD, RCL, STGT, BANPU, CPALL, PTT and AOT.

Other Asian indices were mixed:

Japan's Nikkei Index closed at 29,149.41, up 600.40 points or 2.10 per cent.

China's Shanghai SE Composite Index closed at 3,600.78, down 8.07 points or 0.22 per cent, while the Shenzhen SE Component Index closed at 14,852.88, down 44.31 points or 0.30 per cent.

Hong Kong's Hang Seng Index closed at 29,124.41, up 11.21 points or 0.039 per cent.

South Korea's KOSPI closed at 3,188.73, up 23.22 points or 0.73 per cent.

Taiwan's TAIEX Index closed at 16,870.86, up 269.25 points or 1.62 per cent.

Published : May 28, 2021

By : The Nation