Thai stock market up despite foreign outflow jitters
The Stock Exchange of Thailand (SET) Index closed at 1,496.61 on Friday, up 13.63 points or 0.92 per cent. Total transactions amounted to Bt79.35 billion with an index high of 1,498.35 and a low of 1,488.73
In the morning session, Krungsri Securities expected the day’s index to rebound to between 1,490 and 1,495 points on hopes of US stimulus rollout and the rising oil price.
"However, outflow of foreign funds would drag down the SET," the securities firm predicted.
The 10 stocks with the highest trade value today were BBL, PTT, KBANK, AOT, CPALL, SCB, EA, BAM, IVL and GULF.
As of 4.30pm, the price of oil rose by US$0.72 or 1.28 per cent to $56.95 per barrel, while gold rose by $14.50 or 0.81 per cent to $1,805.70 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,779.19, up 437.24 points or 1.54 per cent.
China’s Shang Hai SE Composite Index closed at 3,496.33, down 5.53 points or 0.16 per cent, while the Shenzhen SE Component Index closed at 15,007.30, down 98.64 points or 0.65 per cent.
Hong Kong's Hang Seng Index closed at 29,288.68, up 175.18 points or 0.60 per cent.
South Korea's KOSPI closed at 3,120.63, up 33.08 points or 1.07 per cent.
Taiwan's TAIEX closed at 15,802.40, up 96.18 points or 0.61 per cent.
