Thai stocks hold up as Asian markets slide
The Stock Exchange of Thailand (SET) Index closed at 1,482.98 on Thursday, up 1.23 points or 0.08 per cent. Total transactions amounted to Bt77.84 billion with an index high of 1,492.39 and a low of 1,477.88.
In the morning session, Krungsri Securities expected the SET Index to fluctuate between 1,470 and 1,490 points despite hopes of fresh US stimulus measures, plus the rising oil price after US oil storage dropped to its lowest level in almost a year.
“The outflow of foreign funds will pressure the index,” Krungsri Securities added.
The 10 stocks with the highest trade value today were BBL, PTT, KBANK, IVL, SCB, CPALL, EA, GPSC, SCC and ADVANC.
As of 4.30pm, the price of oil rose by US$0.24 or 0.43 per cent to $55.93 per barrel, while gold dropped by $22.20 or 1.21 per cent to $1,812.90 per ounce.
Other Asian indices were on the fall:
Japan’s Nikkei Index closed at 28,341.95, down 304.55 points or 1.06 per cent.
China’s Shang Hai SE Composite Index closed at 3,501.86, down 15.45 points or 0.44 per cent, while Shenzhen SE Component Index closed at 15,105.94, down 127.21 points or 0.84 per cent.
Hong Kong's Hang Seng Index closed at 29,113.50, down 193.96 points or 0.66 per cent.
South Korea's KOSPI Index closed at 3,087.55, down 42.13 points or 1.35 per cent.
Taiwan's TAIEX Index closed at 15,706.22, down 65.10 points or 0.41 per cent.