Wednesday, July 28, 2021

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SET drops slightly despite PM’s vow to reopen Thailand by Oct

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The Stock Exchange of Thailand (SET) Index closed at 1,617.65 on Thursday, down 7.14 points or 0.44 per cent. Transactions totalled THB88 billion with an index high of 1,631.69 and a low of 1,615.62.

In the morning session, Krungsri Securities forecast today’s SET Index would fluctuate between 1,610 and 1,615 points following Prime Minister Prayut Chan-o-cha’s announcement on Wednesday that Thailand will reopen within 120 days, starting with major tourist destinations.

The index would come under pressure from outflow of foreign funds in response to the US Federal Reserve announcing it had begun discussions on asset tapering and expected two interest rate hikes by the end of 2023 as inflation continues to rise, Krungsri Securities added.

The 10 stocks with the highest trade value today were BANPU, IVL, KBANK, GUNKUL, AAV, PTTGC, SCGP, PSL, AOT and PTT.

Other Asian indices were mixed:

Japan's Nikkei Index closed at 29,018.33, down 272.68 points or 0.93 per cent.

China's Shanghai SE Composite Index closed at 3,525.60, up 7.28 points or 0.21 per cent, while the Shenzhen SE Component Index closed at 14,472.37, up 176.44 points or 1.23 per cent.

Hong Kong's Hang Seng Index closed at 28,471.18, up 34.34 points or 0.12 per cent.

South Korea's KOSPI closed at 3,264.96, down 13.72 points or 0.42 per cent.

Taiwan's TAIEX closed at 17,345.69, up 37.83 points or 0.22 per cent.

Published : June 17, 2021

By : The Nation