Thursday, July 09, 2020

SET recovery gathers pace as countries emerge from lockdown

Jun 04. 2020
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The Stock Exchange of Thailand (SET) Index rose 36.83 points or 2.68 per cent, closing at 1,411.01 today (June 4).

Total transactions amounted to Bt12.2562 billion with an index high of 1,413.54 and a low of 1,393.21

During the morning session, a stock analyst at Krungsri Securities projected the index would rise to between 1,390 points and 1,400 points, after the economy weathered the worst of the Covid-19 impact and many countries began lifting their lockdowns

“The index was also supported by the China’s service-sector purchasing managers index (PMI) and US employment numbers,” said the source.

The 10 stocks with the highest trade value today were AOT, KBANK, SCB, PTT, MINT, ADVANC, KTB, PTTEP and GULF

As of 5pm, the crude oil price had dropped to US$ 36.60 or by 1.85 per cent, while gold rose by $7.50 or 0.44 per cent to $1,712.30 per ounce.

Global indices were on the rise:

Japan’s Nikkei Index closed at 22,695.74, up 81.98 points, or 0.36 per cent.

China’s Shanghai SE Composite Index closed at 2,919.25, down 4.12 points, or 0.14 per cent, while the Shenzhen SE Component Index closed at 11,139.26, up 30.90 points, or 0.28 per cent.

Hong Kong’s Hang Seng Index closed at 24,366.30, up 40.68 points, or 0.17 per cent.

South Korea’s KOSPI Index closed at 2,151.18, up 4.18 points, or 0.19 per cent.

Taiwan’s TAIEX Index closed at 11,393.23, up 73.07 points, or 0.65 per cent.

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