SET up 0.80% as vaccines, oil price lift investors' mood

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SET up 0.80% as vaccines, oil price lift investors' mood

By The Nation

 

 

The Stock Exchange of Thailand (SET) Index closed at 1,449.83 on Friday, up 11.51 points or 0.80 per cent. Total transactions amounted to Bt82.7 billion with an index high of 1,454.94 and a low of 1,439.14.

 

In the morning session, an analyst at Krungsri Securities expected the day's index to hit 1,445 points as foreign funds continue to flood the Thai stock market amid hopes of a US stimulus package, positive news of Covid-19 vaccines and a rising oil price after Opec+ decided to extend the cap on oil production.

 

"However, we advise investors to speculate for short-term profit as the index's price-to-earnings ratio is 28 times," he cautioned.

 

The 10 stocks with the highest trade value today were PTT, KBANK, IVL, TMB, BAM, PTTEP, AOT, SCGP, SCB and ADVANC.

 

As of 5pm, the price of oil rose by US$0.67 or  1.47 per cent to $46.31 per barrel, while gold rose by $4.30 or 0.23 per cent, to $1,845.40 per ounce.

 

Other Asian indices were mixed:

 

Japan’s Nikkei Index closed at 26,751.24, down 58.13 points or 0.22 per cent.

 

China’s Shang Hai SE Composite Index closed at 3,444.58, up 2.45 points or 0.071 per cent, while Shenzhen SE Component Index closed at 14,026.66, up 55.97 points or 0.40 per cent.

 

Hong Kong's Hang Seng Index closed at 26,835.92, up 107.42 points or 0.40 per cent.

 

South Korea's KOSPI Index closed at 2,731.45, up 35.23 points or 1.31 per cent.

 

Taiwan's TAIEX Index closed at 14,132.44, up 155.35 points or 1.11 per cent.

 

Source: https://www.nationthailand.com/business/30399112

 

-- © Copyright The Nation Thailand 2020-12-05

 

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