Thai stocks rise 1.5% to complete end-of-week surge

Thai stocks rise 1.5% to complete end-of-week surge

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,536.44 on Friday, up 22.66 points or 1.50 per cent. The volume of total transactions was Bt125.08 billion with an index high of 1,538.61 and a low of 1,521.17.

In the morning session, an analyst at Krungsri Securities forecast the day’s index would climb to between 1,525 and 1,530 points on hopes of more US stimulus after the Democrats took control of Congress, as well as the rising oil price.

“However, investors should beware of market volatility due to the weakening baht and a decline in foreign fund flows,” he said.

The 10 stocks with the highest trade value today were SCGP, EA, BANPU, GPSC, DELTA, KCE, PTT, KEX, GULF and INTUCH.

As of 4.30pm, the price of oil rose by US$0.28 or 0.55 per cent to $51.11 per barrel, while gold dropped by $25.60 or 1.34 per cent, to $1,888 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,139.03, up 648.90 points or 2.36 per cent.

China’s Shang Hai SE Composite Index closed at 3,570.11, down 6.10 points or 0.17 per cent, while Shenzhen SE Component Index closed at 15,319.29, down 37.11 points or 0.24 per cent.

Hong Kong's Hang Seng Index closed at 27,878.22, up 329.70 points or 1.20 per cent.

South Korea's KOSPI Index closed at 3,152.18, up 120.50 points or 3.97 per cent.

Taiwan's TAIEX Index closed at 15,463.95, up 249.95 points or 1.64 per cent.

Source: https://www.nationthailand.com/business/30400930?utm_source=homepage&utm_medium=internal_referral