Sunday, July 25, 2021

business

Thai stocks surge on global jab rollout


The Stock Exchange of Thailand (SET) Index closed at 1,618.59 on Tuesday, up 25.00 points or 1.57 per cent. Transactions totalled THB116.03 billion with an index high of 1,620.53 and a low of 1,598.66.

In the morning session, Krungsri Securities expected Tuesday’s SET Index to rise to between 1,600 and 1,606 points on hopes of economic recovery as mass Covid-19 vaccinations gather strength worldwide.

It added that the index also gained positive sentiment from the rising oil price amid expectations of increased demand.

However, investors should beware of volatility in foreign fund flows and mass sell-offs of shares to take profits, Krungsri Securities said.

The 10 stocks with the highest trade value today were PTT, OR, KBANK, HANA, GPSC, SIRI, KCE, AOT, TIDLOR and PTTEP.

Other Asian indices were on the rise, with one exception:

Japan's Nikkei Index closed at 28,814.34, down 45.74 points or 0.16 per cent.

China's Shanghai SE Composite Index closed at 3,624.71, up 9.24 points or 0.26 per cent, while Shenzhen SE Component Index closed at 15,034.78, up 38.40 points or 0.26 per cent.

Hong Kong's Hang Seng Index closed at 29,468.00, up 316.20 points or 1.08 per cent.

South Korea's KOSPI closed at 3,221.87, up 17.95 points or 0.56 per cent.

Taiwan's TAIEX Index closed at 17,162.38, up 93.95 points or 0.55 per cent.

Published : June 01, 2021

By : The Nation