SET back on its feet but dizzy
The Stock Exchange of Thailand (SET) index on Wednesday (March 18) recovered from Tuesday’s tumble, closing at 1,048.15 for an increase of 12.98 points or 1.25 per cent over the previous day.
Total transaction volume was Bt59.186 billion with an index high of 1,076.16 and a low of 1,026.89.
A stock analyst at Krungsri Securities said he expected the index to fluctuate between 1,020 and 1,050 points.
“Although the market has gained positive sentiment after the US launched a big set of economic stimulus measures, the index will fall again due to uncertainty following the global economic recession from the impact of Covid-19 and the decline in crude oil price,” the analyst said.
The 10 stocks with the highest trade value on Wednesday were BAM, CPALL, PTT, ADVANC, AOT, PTTEP, GULF, SCC, KBANK and INTUCH.
Elsewhere in Asia:
Japan’s Nikkei Index closed at 16,726.55, down 284.98 points or 1.68 per cent.
China’s Shanghai SE Composite Index closed at 2,728.76, down 50.88 or 1.83 per cent.
Shenzhen’s SE Component Index closed at 10,029.57, down 173.18 or 1.7 per cent.
Hong Kong’s Hang Seng Index closed at 22,291.82, down 971.91 or 4.18 per cent.
South Korea’s KOSPI Index closed at 1,591.20, down 81.24 or 4.86 per cent.
Taiwan’s TAIEX Index closed at 9,218.67, down 220.96 or 2.34 per cent.
