Friday, April 03, 2020

SET ends 3.85 points higher 

Feb 21. 2020
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By The Nation

The Stock Exchange of Thailand (SET) closed at 1,495.09 today (February 21), up 3.85 points (0.26 per cent) over the previous day's with a trade volume of Bt56.082 billion.

The index moved between 1,476.89. and 1,495.17 in the day's trading. 

A stock analyst at Krungsri Securities expected the Stock Exchange of Thailand (SET) Index to move 1,480 and 1,500 today, due to market uncertainties amid pressure from the Covid-19 virus on the global economy.

The analyst said the SET would rebound, led by energy stocks which will benefit from rising oil prices as well as exporters' inventory gaining from a depreciation of the baht to Bt31.5/dollar. In addition, the technical signal that the index has weakened due to over-selling will be instrumental to a rebound.

The top ten stocks with the highest trade values today were BAM, AOT, SCB, PTT, CPF, CRC, GPSC, GULF, SCC, and ADVANC.

Elsewhere in Asia, Japan’s Nikkei index closed at 23,386.74, down 92.41 points, or 0.39 per cent.

China’s Shanghai SE Composite index closed at 3,039.67, up 9.51 points, or 0.31 per cent, while Shenzhen SE Component index closed at 11,629.70, up 120.61 points, or 1.05 per cent.

Hong Kong’s Hang Seng index closed at 27,308.81, down 300.35 points, or 1.09 per cent.

South Korea’s KOSPI index closed at 2,162.84, down 32.66 points, or 1.49 per cent.

Taiwan’s TAIEX index closed at 11,686.35, down 38.74 points, or 0.33 per cent.

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