Saturday, July 24, 2021

business

Thai stocks up ahead of jab rollout


The Stock Exchange of Thailand (SET) Index closed at 1,593.59 on Monday, up 11.61 points or 0.73 per cent. Transactions totalled THB79.81 billion with an index high of 1,594.65 and a low of 1,578.09.

In the morning session, Krungsri Securities expected the index on Monday to fluctuate between 1,575 and 1,595 points, citing hopes of global economic recovery plus the start of mass vaccination in Thailand on June 7.

The US Federal Reserve, meanwhile, is likely to maintain its low interest rate and quantitative easing.

However, Krungsri Securities said the SET would come under pressure from uncertainty over rising US inflation, after personal consumption in April increased by 0.6 per cent, plus the outflow of foreign funds.

The 10 stocks with the highest trade value today were SIRI, KBANK, RCL, STGT, CPF, DELTA, KCE, CPALL, HANA and PTT.

Other Asian indices were on the rise with one exception:

Japan's Nikkei Index closed at 28,860.08, down 289.33 points or 0.99 per cent.

China's Shanghai SE Composite Index closed at 3,615.48, up 14.69 points or 0.41 per cent, while the Shenzhen SE Component Index closed at 14,996.38, up 143.50 points or 0.97 per cent.

Hong Kong's Hang Seng Index closed at 29,151.80, up 27.39 points or 0.094 per cent.

South Korea's KOSPI closed at 3,203.92, up 15.19 points or 0.48 per cent.

Taiwan's TAIEX closed at 17,068.43, up 197.57 points or 1.17 per cent.

Published : May 31, 2021

By : The Nation