THURSDAY, March 28, 2024
nationthailand

SET rises on latest govt stimulus package, Fed move

SET rises on latest govt stimulus package, Fed move

The Stock Exchange of Thailand (SET) Index closed at 1,033.84 today (March 24), an increase of 9.38 points, or 0.92 per cent, from Monday’s close.

Transactions amounted to a total of Bt64.144 billion, with an index high of 1,067.51 and a low of 1,024.38.
A stock analyst at Krungsri Securities had expected the index to rebound as central banks and governments worldwide issued economic stimulus measures.
“Although markets are still concerned that Covid-19 would pressure the global economy into recession, central banks and governments have moved to issue measures to deal with the situation. That would be a positive sentiment for investment,” he said.
The US Federal Reserve announced it would use an unlimited quantitative easing bond purchase programme and increase the credit line by US$300 billion (Bt9.85 trillion), allowing businesses to borrow at lower interest cost as part of a massive stimulus package.
Meanwhile, the Thai government today announced an economic package including cash handouts to low income earners, soft loans, and tax cuts for affected people.
As of 4.49pm, global stocks were seeing a tendency to move upside.
The crude oil price rose by $1.45, or 6.21 per cent, to $24.81 per barrel, while the price of gold increased by $61.80, or 3.94 per cent, to $1,629.40 per ounce.
The top ten stocks with the highest trade values today were BAM, PTT, AOT, Advanc, CPAll, Gulf, GPSC, PTTEP, KBank and SCC.
Elsewhere in Asia, Japan’s Nikkei closed at 18,092.35, up 1,204.57 points, or 7.13 per cent.
China’s Shanghai SE Composite Index ended the day at 2,722.44, up 62.27 points, or 2.34 per cent, while the Shenzhen SE Component Index closed at 9,921.68, up 230.15 points, or 2.37 per cent.
Hong Kong’s Hang Seng ended at 22,663.49, up 967.36 points, or 4.46 per cent.
South Korea’s Kospi Index closed at 1,609.97, up 127.51 points, or 8.60 per cent.
Taiwan’s TaiEx 

nationthailand