SET edges up on hopes of foreign fund inflows

By The Nation

 

 

The Stock Exchange of Thailand (SET) Index closed at 1,437.78 on Friday, up 4.22 points or 0.29 per cent. Total transactions amounted to Bt77 billion with an index high of 1,444.53 and a low of 1,429.43.

 

In the morning session, an analyst at Krungsri Securities expected the day's index to fluctuate between 1,425 and 1,445 amid hopes of foreign funds inflows.

 

 

"However, the SET's tight valuation and signs of overbought stocks, together with uncertainty over pro-democracy protesters' anti-government rally on Friday, will pressure the index," he said.

 

The 10 stocks with the highest trade value today were SCGP, GPSC, PTT, KBANK, DELTA, AOT, ADVANC, GULF, BANPU and EGCO.

 

As of 4.30pm, the price of oil dropped by US$0.63 or 1.38 per cent to $45.08 per barrel, while gold rose by $2.80 or 0.15 per cent, to $1,814 per ounce.

 

Other Asian indices were on the rise:

 

Japan’s Nikkei Index closed at 26,644.71, up 107.40 points or 0.40 per cent.

 

China’s Shang Hai SE Composite Index closed at 3,408.31, up 38.57 points or 1.14 per cent, while the Shenzhen SE Component Index closed at 3,408.31, up 38.57 points or 1.14 per cent.

 

Hong Kong's Hang Seng Index closed at 26,894.68, up 75.23 points or 0.28 per cent.

 

South Korea's KOSPI Index closed at 2,633.45, up 7.54 points or 0.29 per cent.

 

Taiwan's TAIEX Index closed at 13,867.09, up 21.43 points or 0.15 per cent

 

Source: https://www.nationthailand.com/business/30398702

 

-- © Copyright The Nation Thailand 2020-11-28

 

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No worries.  Plenty of foreign fund inflows coming.  Just look how the Baht keeps trouncing the USD—from foreign inflows.