THURSDAY, March 28, 2024
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Fed rate cut, relief measures lift SET 

Fed rate cut, relief measures lift SET 

The SET Index closed at 1,390.83 today (March 5), up 12.22 points (0.89 per cent), from Wednesday’s with a high of 1,408.35 and a low of 1,390.83 on a total trade volume of Bt66.807 billion.

A stock analyst at Krungsri Securities expected the SET Index to rise to between 1,390 and 1,400, citing investors' expectation that other central banks, such as the European Central Bank and the Bank of Thailand, would follow the US Federal Reserve in cutting interest rate in view of the global situation following the Covid-19 outbreak.
“In addition, the market would gain positive sentiment as the Ministry of Finance is ready to propose the first set of Covid-19 outbreak relief measures worth Bt100 billion on Friday,” the analyst said.
The top ten stocks with the highest trade values today were BAM, AOT, BBL, CPALL, GPSC, PTT, GULF, BGRIM, ADVANC, and SCC.
Elsewhere in Asia, Japan’s Nikkei Index closed at 21,329.12, up 229.06 points, or 1.09 per cent.
China’s Shanghai SE Composite Index closed at 3,071.68, up 60.01 points, or 1.99 per cent, while Shenzhen SE Component Index closed at 11,711.37, up 218.35 points, or 1.90 per cent.
Hong Kong’s Hang Seng Index closed at 26,767.87, up 545.80 points, or 2.08 per cent.
South Korea’s KOSPI Index closed at 2,085.26, up 25.93 points, or 1.26 per cent.
Taiwan’s TAIEX Index closed at 11,514.82, up 122.47 points, or 1.08 per cent.

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