Sunday, June 13, 2021

business

Thai stock market exceeds expectations with 11-point rise


The Stock Exchange of Thailand (SET) Index closed at 1,636.56 on Friday, up 11.29 points or 0.69 per cent. Transactions totalled THB106.11 billion with an index high of 1,636.92 and a low of 1,628.14.

In the morning session, Krungsri Securities expected the SET Index on Friday to fluctuate between 1,615 and 1,635 points amid hopes of a Thai economic recovery after mass vaccination launched nationwide.

The index also gained positive sentiment from expectations that the US Federal Reserve will not raise the interest rate at its June 15-16 meeting despite inflation worries after the US Consumer Price Index rose in May.

"The index, however, will be under pressure due to volatility in foreign fund flows and signs of overbought stocks," Krungsri Securities said.

The 10 stocks with the highest trade value today were AOT, RCL, BANPU, TIDLOR, KBANK, GUNKUL, TTA, HANA, KCE and CPF.

Other Asian indices were mixed:

Japan's Nikkei Index closed at 28,948.73, down 9.83 points or 0.034 per cent.

China's Shanghai SE Composite Index closed at 3,589.75, down 21.11 points or 0.58 per cent, while the Shenzhen SE Component Index closed at 14,801.24, down 92.35 points or 0.62 per cent.

Hong Kong's Hang Seng Index closed at 28,842.13, up 103.25 points or 0.36 per cent.

South Korea's KOSPI closed at 3,249.32, up 24.68 points or 0.77 per cent.

Taiwan's TAIEX closed at 17,213.52, up 54.30 points or 0.32 per cent.

Published : June 11, 2021

By : The Nation