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SET drops despite good news over Covid-19 vaccine
EconNov 17. 2020
By The Nation
The Stock Exchange of Thailand (SET) Index closed at 1,349.81 on Tuesday, down 1.25 points or 0.09 per cent. The volume of total transactions was Bt90 billion with an index high of 1,365.91 and a low of 1,344.55.
During the morning session, an analyst at Krungsri Securities said expected the day’s index to rise over positive news of Moderna’s Covid-19 vaccine found to be nearly 95 per cent effective in a preliminary analysis.
However, there is limited room for SET to rise due to the ongoing political unrest, he said, adding that the index would move between 1,345 and 1,360 points.
The top 10 stocks with the highest trade value today were STGT, KBANK, MINT, SCGP, AOT, BDMS, PTT, ADVANC, GPSC and PTTEP.
As of 4.30pm, the price of oil rose by US$0.12 or 0.29 per cent to $41.46 per barrel, while gold rose by $2.30 or 0.12 per cent, to $1,890.10 per ounce.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 26,014.62, up 107.69 points or 0.42 per cent.
China’s Shanghai SE Composite Index closed at 3,339.90, down 7.07 points or 0.21 per cent, while Shenzhen SE Component Index closed at 13,732.52, down 118.31 points or 0.85 per cent.
Hong Kong’s Hang Seng Index closed at 26,415.09, up 33.42 points or 0.13 per cent.
South Korea’s KOSPI Index closed at 2,539.15, down 3.88 points or 0.15 per cent.
Taiwan’s TAIEX Index closed at 13,593.01, up 41.18 points or 0.30 per cent.