SET nudges down as protesters announce rally plans, US Covid cases rise

SET nudges down as protesters announce rally plans, US Covid cases rise

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,260.08 on Friday, down 4.24 points or 0.34 per cent. Total transactions amounted to Bt73.52 billion with an index high of 1,270.22 and a low of 1,251.08.

In the morning session, an analyst at Krungsri Securities expected the day's index to fluctuate between 1,255 and 1,270 despite the strong prospect of former vice president Joe Biden being elected president.

"Uncertainty over [Thai] protesters' plans for anti-government rallies this weekend, along with rising US Covid-19 cases, would cause volatility in the index," he said.

The 10 stocks with the highest trade value today were KBANK, GPSC, GULF, BBL, CPALL, PTT, SCB, TASCO, AOT and BGRIM.

As of 4.30pm, the price of oil dropped by US$0.58 or 1.50 per cent to $38.21 per barrel, while gold rose by $1.50 or 0.08 per cent, to $1,948.30 per ounce.

Other Asian indices were on the rise, except in mainland China:

Japan’s Nikkei Index closed at 24,325.23, up 219.95 points or 0.91 per cent.

China’s Shang Hai SE Composite Index closed at 3,312.16, down 7.97 points or 0.24 per cent, while Shenzhen SE Component Index closed at 13,838.42, down 55.83 points or 0.40 per cent.

Hong Kong's Hang Seng Index closed at 25,712.97, up 17.05 points or 0.066 per cent.

South Korea's KOSPI Index closed at 2,416.50, up 2.71 points or 0.11 per cent.

Taiwan's TAIEX Index closed at 12,973.53, up 54.73 points or 0.42 per cent.

Source: https://www.nationthailand.com/business/30397476?utm_source=homepage&utm_medium=internal_referral