SET rebounds on US infrastructure bill, country reopening trend
The Stock Exchange of Thailand (SET) Index closed at 1,631.69 on Tuesday, up 5.56 points or 0.34 per cent. Transactions totalled 71.99 billion baht with an index high of 1,633.76 and a low of 1,623.64.
The index rebounded after dropping by 0.09 points or 0.01 per cent on Monday.
In the morning session, Krungsri Securities forecast the SET Index on Tuesday would rise to between 1,630 and 1,635 points as the US Congress has passed a US$1 trillion infrastructure package in a bid to boost the economy.
It said the index also gained positive sentiment from country reopening trend after Pfizer's antiviral pill showed 89 per cent effectiveness against Covid-19.
However, fund flow volatility during the third-quarter performance announcement, as well as mass sell-offs of shares in response to stock market technical signals, would pressure the index, Krungsri Securities said.
The 10 stocks with the highest trade value today were KBANK, PIN, PTT, SCB, CPALL, ONEE, BANPU, AOT, DELTA and GUNKUL.
Other Asian indices were up with one exception:
- Japan's Nikkei Index closed at 29,285.46, down 221.59 points or 0.75 per cent.
- China's Shanghai SE Composite closed at 3,507.00, up 8.37 points or 0.24 per cent, while the Shenzhen SE Component closed at 14,571.93, up 63.07 points or 0.43 per cent.
- Hong Kong's Hang Seng Index closed at 24,813.13, up 49.36 points or 0.20 per cent.
- South Korea's KOSPI Index closed at 2,962.46, up 2.26 points or 0.076 per cent.
- Taiwan's TAIEX Index closed at 17,541.36, up 126.06 points or 0.72 per cent.
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