SET, Asian markets fall as fears of Covid-19 multiply
The Stock Exchange of Thailand (SET) ended at 1,340.52 today (February 28), decreasing 54.56 points (3.91 per cent) over Thursday’s close with a high of 1,357.15 and a low of 1,337.00 on transactions worth a total of Bt86.502 billion.
Krungsri Securities had predicted the SET Index falling to 1,355 points today in line with global market trend as fears of the Covid-19 grew among investors.
Investors are also concerned about the current political situation in Thailand as university and high school students nationwide have been holding daily protests against the government, following dissolution of the Future Forward Party on February 21.
The top ten stocks with the highest trade values today were BAM, CRC, PTT, PTTEP, CPALL, AOT, ADVANC, GULF, KBANK, and GPSC.
Elsewhere in Asia, Japan’s Nikkei index closed at 21,142.96, down 805.27 points, or 3.67 per cent.
China’s Shanghai SE Composite index closed at 2,880.30, down 111.03 points, or 3.71 per cent, while Shenzhen SE Component index closed at 10,980.77, down 553.24 points, or 4.80 per cent.
Hong Kong’s Hang Seng index closed at 26,129.93, down 648.69 points, or 2.42 per cent.
South Korea’s KOSPI index closed at 1,987.01, down 67.88 points, or 3.30 per cent.