SET loses ground amid fear of inflation, overbought stocks
The Stock Exchange of Thailand (SET) Index closed at 1,611.53 on Friday, down 6.02 points or 0.37 per cent. Transactions totalled THB106.35 billion with an index high of 1,622.89 and a low of 1,611.34.
In the morning session, Krungsri Securities forecast Friday’s SET Index would fluctuate between 1,605 and 1,625 points amid hopes of economic recovery as mass Covid-19 vaccinations gather strength worldwide and the price of oil continues to rise.
The index would be under pressure due to uncertainty over rising inflation and signs of overbought stocks, Krungsri Securities added.
The 10 stocks with the highest trade value today were KBANK, PTT, RCL, BANPU, STGT, SCC, ROJNA, CPN, CPALL and BBL.
Other Asian indices were on the fall, except in mainland China:
Japan's Nikkei Index closed at 28,941.52, down 116.59 points or 0.40 per cent.
China's Shanghai SE Composite Index closed at 3,591.84, up 7.63 points or 0.21 per cent, while the Shenzhen SE Component Index closed at 14,870.91, up 109.78 points or 0.74 per cent.
Hong Kong's Hang Seng Index closed at 28,918.10, down 47.93 points or 0.17 per cent.
South Korea's KOSPI closed at 3,240.08, down 7.35 points or 0.23 per cent.
Taiwan's TAIEX closed at 17,147.41, down 98.75 points or 0.57 per cent.
