No lockdown in US despite sharp spike in Covid cases revives SET #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

No lockdown in US despite sharp spike in Covid cases revives SET

Econ

Jun 26. 2020

By The Nation

Positive sentiments pushed the Stock Exchange of Thailand (SET) Index up by 4.46 points or 0.34 per cent today (June 26), closing at 1,330.34, while total transactions amounted to Bt47.193 billion with an index high of 1,344.04 and a low of 1,328.49.

During the morning session, a Krungsri Securities stock analyst said he expected the index to fluctuate between 1,315 and 1,340.

“The market won positive sentiment after the European Central Bank gave central banks the go-ahead in lending cash to mitigate the Covid-19 impact and the mass buy-offs of stocks,” the analyst said.

“Meanwhile, Larry Kudlow, director of the US National Economic Council, has said that the US will not impose lockdown measures again even though the number of new Covid-19 cases is rising sharply.”

However, the analyst warned of uncertainty from economic recession after the International Monetary Fund revised the global GDP this year from 3 per cent contraction to 4.9 per cent contraction.

“The index will also be under pressure from foreign investors’ move to reduce capital flow into the country.”

The top 10 stocks with the highest trade values today were GULF, CPALL, ADVANC, KBANK, AOT, PTT, SCC, GPSC, CPF and INTUCH.

As of 4.30pm, crude oil price rose by US$0.57 or 1.47 per cent to $39.29 per barrel, while gold price dropped by $3.60 or 0.20 per cent to $1,774.20 per ounce.

Asian indices, meanwhile, were mixed:

Japan’s Nikkei Index closed at 22,512.08, up 252.29 points, or 1.13 per cent.

Hong Kong’s Hang Seng Index closed at 24,549.99, down 231.59 points, or 0.93 per cent.

South Korea’s KOSPI Index closed at 2,134.65, up 22.28 points, or 1.05 per cent.

Stock markets in China and Taiwan were closed due to the Dragon Boat festival.

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