SET slides on worries over inflation, third-quarter performance announcement 

The index fell after rising by 5.56 points or 0.34 per cent on Tuesday.

In the morning session, Krungsri Securities forecast the SET Index on Wednesday would rise to between 1,635 and 1,640 points.

It said the index gained positive sentiment from rising oil price in line with increasing demand after many countries have reopened, plus the US$1 trillion infrastructure package to boost the economy.

However, uncertainty over rising inflation and stock market volatility during the third-quarter performance announcement would pressure the index, Krungsri Securities said.

The 10 stocks with the highest trade value today were KCE, MTC, DELTA, KBANK, PTT, CPALL, SCB, GPSC, BGRIM and GUNKUL.

Other Asian indices were mixed:

• Japan's Nikkei Index closed at 29,106.78, down 178.68 points or 0.61 per cent.
• China's Shanghai SE Composite closed at 3,492.46, down 14.54 points or 0.41 per cent, while the Shenzhen SE Component closed at 14,515.88, down 56.05 points or 0.38 per cent.
• Hong Kong's Hang Seng Index closed at 24,996.14, up 183.01 points or 0.74 per cent.
• South Korea's KOSPI Index closed at 2,930.17, down 32.29 points or 1.09 per cent.
• Taiwan's TAIEX Index closed at 17,559.65, up 18.29 points or 0.10 per cent.

Related stories:

• SET expected to rise on higher oil price, US infrastructure bill
• Baht rallies as investors wait for Monetary Policy Committees decision on interest rate
• Gold price stays stable from Tuesday close