Saturday, November 28, 2020

SET drops almost 0.5% despite parliament's move to tackle political tensions

Oct 26. 2020
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By THE NATION

The Stock Exchange of Thailand (SET) Index closed at 1,207.97 points on Monday, down 5.64 points or 0.46 per cent. Transactions totalled Bt41.59 billion with an index high of 1,215.79 and a low of 1,205.81.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,205 and 1,220 due to uncertainty over rising Covid-19 cases in US, the rollout of US economic stimulus measures and the falling oil price.

However, he said the index would be buoyed by Thailand Parliament's extraordinary session to tackle political tensions.

The 10 stocks with the highest trade value today were SCGP, CPALL, NER, PTT, STA, STGT, KBANK, GULF, PTTEP and ADVANC.

As of 5pm, the price of oil fell by US$1.09 or 2.74 per cent to $38.76 per barrel, while gold dropped by US$2.10 or 0.11 per cent, to $1,903.10 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 23,494.34, down 22.25 points or 0.095 per cent.

China’s Shanghai SE Composite Index closed at 3,251.12, down 26.88 points or 0.82 per cent, while the Shenzhen SE Component Index closed at 13,191.25, up 62.79 points or 0.48 per cent.

Hong Kong's Hang Seng Index closed at 24,918.78, up 132.65 points or 0.13 per cent.

South Korea's KOSPI Index closed at 2,343.91, down 16.90 points or 0.72 per cent.

Taiwan's TAIEX Index closed at 12,909.03, up 10.21 points or 0.079 per cent.

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