SET dips as Covid-19 cases edge up
The Stock Exchange of Thailand (SET) Index closed at 1,249.89 today (March 11), down 21.36 points (1.68 per cent) from Tuesday’s close with an index high of 1,281.63 and a low of 1,238 on a total transactions of Bt72.236 billion.
The SET Index fell after the number of confirmed Covid-19 infections in Thailand rose to 59 with the announcement of six more cases.
A stock analyst at Krungsri Securities expected the SET Index to move between 1,250 and 1,285.
“Although the global markets have recovered due to investors’ expectation of the US launching economic stimulus measures, details of these measures are still unclear,” the stock analyst said.
“Therefore, we believe that this factor would benefit the market in the short term, while there is a risk that the market would fluctuate again if the US does not issue these measures.”
The top ten stocks with the highest trade value today were PTT, PTTEP, BAM, GULF, ADVANC, CPALL, AOT, PTTGC, BGRIM, and GPSC.
Elsewhere in Asia, Japan’s Nikkei Index closed at 19,416.06, down 451.06 points, or 2.27 per cent.
China’s Shanghai SE Composite Index closed at 2,968.52, down 28.24 points, or 0.94 per cent, while Shenzhen SE Component Index closed at 11,200.05, down 203.42 points, or 1.78 per cent.
Hong Kong’s Hang Seng Index closed at 25,231.61, down 160.90 points, or 0.63 per cent.
South Korea’s KOSPI Index closed at 1,908.27, down 54.66 points, or 2.78 per cent.
Taiwan’s TAIEX Index closed at 10,893.75, down 109.79 points, or 1.00 per cent.
