SET rebounds from slump on Thursday

[rooster59]

SET rebounds from slump on Thursday

By The Nation

 

 

The Stock Exchange of Thailand (SET) Index ended at 1,128.91 today (March 13), advancing 14.00 points (1.26 per cent) over Thursday's close with an index high of 1,164.16 and a low of 969.08 on a total transaction volume of Bt119.659 billion. 

 

A stock analyst at Krungsri Securities expected the SET to slide to between 1,050 and 1,080 today due to a lack of positive factors, and the index to follow global stock trends.

 

“Most global stocks dropped due to uncertainty among investors following the Covid-19 outbreak, which has intensified in Europe and the US,” the stock analyst said.

 

The top ten stocks with the highest trade values today were BAM, PTT, AOT, CPALL, GULF, ADVANC, PTTEP, BBL, SCC, and KBANK.

 

Elsewhere in Asia, Japan’s Nikkei Index closed at 17,431.05, down 1,128.58 points, or 6.08 per cent.

 

China’s Shanghai SE Composite Index closed at 2,887.43, down 36.06 points, or 1.23 per cent, while Shenzhen SE Component Index closed at 10,831.12, down 109.89 points, or 1.00 per cent.

 

Hong Kong’s Hang Seng Index closed at 24,032.91, down 276.16 points, or 1.14 per cent.

 

South Korea’s KOSPI Index closed at 1,771.44, down 62.89 points, or 3.43 per cent.

 

Taiwan’s TAIEX Index closed at 10,128.87, down 293.45 points, or 2.82 per cent.

 

Source: https://www.nationthailand.com/business/30384027?utm_source=homepage&utm_medium=internal_referral

 

-- © Copyright The Nation Thailand 2020-03-14

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[legend49]

It slumped 11% and gains back 1.26%. They call  that rebounding???

[Logosone]

Yes, the British pound, formerly at 1.31 and Friday morning at 1.2232 has now also 'rebounded' to 1.22737

Edited March 14, 2020 by Logosone

[Isaan sailor]

Curious, all western currencies tanked yesterday.  Congrats to your SET.

[drguid]

I guess everyone's about to jump aboard the dead bat bounce.