SET advances on positive ECB signals, US-China trade talks

In the morning session, Krungsri Securities forecast the SET Index on Wednesday would fluctuate between 1,635-1,655 points.

It said the index gained positive sentiment from the European Central Bank signalling it would not raise the interest rate next year, believing that rising inflation is short term impact due to the energy crisis.

It added that a smoothly US-China trade meeting would also help boost the index.

"However, Thai stocks would be under pressure due to falling oil price below US$80 per barrel, especially shares related to energy," Krungsri Securities said.

The 10 stocks with the highest trade value today were TRUE, KBANK, SAWAD, JMT, SCGP, SCB, PTT, BAM, TTB and AOT.

Other Asian indices were mixed:

• Japan's Nikkei Index closed at 29,688.33, down 119.79 points or 0.40 per cent.
• China's Shanghai SE Composite closed at 3,537.37, up 15.58 points or 0.44 per cent, while the Shenzhen SE Component closed at 14,711.18, up 97.21 points or 0.67 per cent.
• Hong Kong's Hang Seng Index closed at 25,650.08, down 63.70 points or 0.25 per cent.
• South Korea's KOSPI Index closed at 2,962.42, down 34.79 points or 1.16 per cent.
• Taiwan's TAIEX Index closed at 17,764.04, up 70.91 points or 0.40 per cent.

Related stories:

• SET expected to fluctuate despite positive ECB signals, US-China trade talks
• Baht weakens as exporters wait to offload dollar
• Gold price dives down