SET rises despite inflation worries and falling oil price

The index rose after falling by 1.22 points or 0.07 per cent on Wednesday. 

In the morning session, Krungsri Securities forecast the SET Index on Thursday would fall to between 1,620 and 1,625 points due to uncertainty over inflation after the US Consumer Price Index in October has risen by 6.2 per cent year on year, the highest in 30 years.

It added that the index would be under pressure due to falling oil price in response to the rise in US oil storage.

However, the index would rebound from mass buy ups of stocks that benefit from country reopening, as well as shares whose third-quarter profit is expected to grow, Krungsri Securities said.

The 10 stocks with the highest trade value today were COM7, KBANK, KCE, BDMS, BBL, TRUE, IVL, PTT, JMART and SCB.

Other Asian indices were mixed:

• Japan's Nikkei Index closed at 29,277.86, up 171.08 points or 0.59 per cent.
• China's Shanghai SE Composite closed at 3,532.79, up 40.32 points or 1.15 per cent, while the Shenzhen SE Component closed at 14,699.74, up 183.86 points or 1.27 per cent.
• Hong Kong's Hang Seng Index closed at 25,251.05, up 254.91 points or 1.02 per cent.
• South Korea's KOSPI Index closed at 2,924.92, down 5.25 points or 0.18 per cent.
• Taiwan's TAIEX Index closed at 17,452.52, down 107.13 points or 0.61 per cent.

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