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Thai stock market rises above 1500 as US poised to inject stimulus


The Stock Exchange of Thailand (SET) Index closed at 1,516.43 on Monday, up 19.82 points or 1.32 per cent. Total transactions amounted to Bt94.27 billion with an index high of 1,517.31 and a low of 1,507.09.

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In the morning session, Krungsri Securities expected the day’s index to rise to the resistance line between 1,507 and 1,515 points on hopes of progress in the rollout of US economic relief worth US$1.9 trillion.

It added that the SET was gaining positive sentiment from the rise in oil price amid increasing demand as the global economy recovers.

The 10 stocks with the highest trade value today were BBL, KBANK, PTT, IVL, SCB, CBG, TMB, GPSC, MINT and CPALL.

As of 4.30pm, the price of oil rose by US$0.64 or 1.13 per cent to $57.49 per barrel, while gold dropped by $2.20 or 0.12 per cent to $1,810.80 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 29,388.50, up 609.31 points or 2.12 per cent.

China’s Shang Hai SE Composite Index closed at 3,532.45, up 36.11 points or 1.03 per cent, while the Shenzhen SE Component Index closed at 15,269.63, up 262.33 points or 1.75 per cent.

Hong Kong's Hang Seng Index closed at 29,319.47, up 30.79 points or 0.11 per cent.

South Korea's KOSPI closed at 3,091.24, down 29.39 points or 0.94 per cent.

Published : February 08, 2021

By : The Nation