Saturday, July 24, 2021

business

SET sentiment dampened by hiccup in mass vaccination drive


The Stock Exchange of Thailand (SET) Index closed at 1,633.06 on Monday, down 3.50 points or 0.21 per cent. Transactions totalled THB85.11 billion with an index high of 1,642.80 and a low of 1,629.33.

In the morning session, Krungsri Securities had predicted that the SET Index would fluctuate between 1,630 and 1,650 amid hopes of a Thai economic recovery as a mass vaccination drive commenced nationwide.

The index also gained positive sentiment from expectations that the US Federal Reserve would maintain its interest rate and continue the quantitative easing policy.

However, news of many hospitals in Thailand postponing the vaccination drive and signs of overbought stocks could pressure the index, Krungsri Securities had said.

 

The 10 stocks with the highest trade value on Monday were: JAS, GUNKUL, KBANK, BANPU, AOT, RCL, OR, CPF, STA and PTTGC.

Other Asian indices were mixed:

Japan's Nikkei Index closed at 29,161.80, up 213.07 points or 0.74 per cent.

South Korea's KOSPI closed at 3,252.13, up 2.81 points or 0.086 per cent.

The China, Hong Kong and Taiwan bourses were closed for the annual Dragon Boat Festival.

Published : June 14, 2021

By : The Nation