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SET plummets more than 1.5% as protests escalate, emergency rule imposed
EconOct 15. 2020
By The Nation
The Stock Exchange of Thailand (SET) Index closed at 1,242.96 on Thursday, down 21.03 points or 1.66 per cent. The volume of total transactions was Bt54 billion with an index high of 1,258.09 and a low of 1,240.75.
In the morning session, an analyst at Krungsri Securities expected the day’s index to fall to between 1,255 and 1,260 points amid escalating political turmoil in Thailand that and dispute in the US over economic stimulus measures.
The analyst added that uncertainty over Thai commercial banks’ weak third-quarter performance would also pressure the index.
The 10 stocks with the highest trade value today were KBANK, PTT, CPF, HANA, CPALL, PTTGC, IVL, STGT, DELTA and MINT.
As of 4.30pm, the price of oil dropped by US$0.70 or 1.71 per cent to $40.34 per barrel, while gold dropped by $10.90 or 0.57 per cent, to $1,896.40 per ounce.
Other Asian indices were on the fall:
Japan’s Nikkei Index closed at 23,507.23, down 119.50 points or 0.51 per cent.
China’s Shang Hai SE Composite Index closed at 3,332.18, down 8.60 points or 0.26 per cent, while the Shenzhen SE Component Index closed at 13,624.89, down 66.15 points or 0.48 per cent.
Hong Kong’s Hang Seng Index closed at 24,158.54, down 508.55 points or 2.06 per cent.
South Korea’s KOSPI Index closed at 2,361.21, down 19.27 points or 0.81 per cent.
Taiwan’s TAIEX Index closed at 12,827.82, down 91.49 points or 0.71 per cent.