SET falls despite Fed move, pandemic development

[rooster59]

SET falls despite Fed move, pandemic development

By The Nation

 

 

The Stock Exchange of Thailand (SET) Index closed at 1,323.31 today (August 28), down 3.50 points or 0.26 per cent. Total transactions amounted to Bt54.673 billion with an index high of 1,337.61 and a low of 1,319.45.

 

 

In the morning session, a stock analyst at Krungsri Securities expected the US Federal Reserve's move to relax inflation policy while maintaining a low interest rate would push the index up to 1,335 before it fell back.

 

"Also, the index gained positive sentiment from news of a Covid-19 test kit," he said.

 

The 10 stocks with the highest trade value today were MINT, PTT, KBANK, BBL, AOT, GULF, BAM, CPALL, SCB and SCC.

 

As of 4.30pm, the price of oil fell by US$0.02 or 0.05 per cent to $43.02 per barrel, while gold rose by $34.70 or 1.80 per cent, to $1,967.30 per ounce.

 

Other Asian indices were mixed:

 

Japan’s Nikkei Index closed at 22,882.65, down 326.21 points or 1.41 per cent.

 

China’s Shang Hai SE Composite Index closed at 3,403.81, up 53.69 points or 1.60 per cent, while the Shenzhen SE Component Index closed at 13,851.32, up 316.23 points or 2.34 per cent.

 

Hong Kong’s Hang Seng Index closed at 25,422.06, up 140.91 points or 0.56 per cent.

 

South Korea’s KOSPI Index closed at 2,353.80, up 9.35 points or 0.40 per cent.

 

Taiwan’s TAIEX Index closed at 12,728.85, down 68.46 points or 0.53 per cent.

 

Source: https://www.nationthailand.com/business/30393683

 

-- © Copyright The Nation Thailand 2020-08-29

 

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[RichardColeman]

8 hours ago, rooster59 said:

down 3.50 points or 0.26 per cent.

A 0.26% story ? Better sell everything before your shares are worthless

[Isaan sailor]

Quite surprised to see SET didn’t crash altogether, given how high the mighty Baht has risen...

[Susco]

24 minutes ago, Isaan sailor said:

given how high the mighty Baht has risen

Jeez mate, give it a rest, that line gets tiresome and shows your ignorance about the subject.

 

The Baht isn't mighty, and hasn't risen. it are the currencies from your superior countries that have their value diluted and will continue that way, as long as the free hand outs continue

[Leaver]

10 hours ago, RichardColeman said:

A 0.26% story ? Better sell everything before your shares are worthless

Yes.  No need to hand out the life jackets just yet.  Strange article.