SET levels off amid signs of overbought stocks
The Stock Exchange of Thailand (SET) Index closed at 1,617.55 on Wednesday, down 1.04 points or 0.06 per cent. Transactions totalled THB101.45 billion with an index high of 1,627.67 and a low of 1,612.94.
In the morning session, Krungsri Securities expected the day’s index to rise to between 1,630 and 1,635 points on hopes of economic recovery as mass Covid-19 vaccinations gather strength worldwide.
Stocks also gained positive sentiment from the rising oil price amid expectations of increased demand, it added.
However, the index would be under pressure over signs of overbought stocks, Krungsri Securities said.
The 10 stocks with the highest trade value today were KBANK, PTT, SIRI, OR, HANA, ADVANC, SUPER, KCE, III and PTTGC.
Other Asian indices were mixed:
Japan's Nikkei Index closed at 28,946.14, up 131.80 points or 0.46 per cent.
China's Shanghai SE Composite Index closed at 3,597.14, down 27.58 points or 0.76 per cent, while the Shenzhen SE Component Index closed at 14,857.91, down 176.87 points or 1.18 per cent.
Hong Kong's Hang Seng Index closed at 29,297.62, down 170.38 points or 0.58 per cent.
South Korea's KOSPI closed at 3,224.23, up 2.36 points or 0.073 per cent.
Taiwan's TAIEX closed at 17,165.04, up 2.66 points or 0.015 per cent.
