The price of gold rose by Bt100 per baht weight in morning trade on Wednesday, the Gold Traders Association reported.
As of 9.29am, the buying price of a gold bar was Bt24,800 per baht weight and selling price Bt24,900 while gold ornaments cost Bt24,346.96 and Bt25,400, respectively.
At close on Tuesday, the buying price of a gold bar was Bt24,700 per baht weight and selling price Bt24,800 while gold ornaments cost Bt24,256 and Bt25,300, respectively.
The spot gold price on Wednesday moved to US$1,733 (Bt52,500) per ounce after rising by $10.60 to $1,733.60 on Tuesday, thanks to mass buy-ups of the precious metal after its price fell to the lowest level in more than eight months. The gold price also gained positive sentiment from a decrease in the US Treasury yield.
The Hong Kong gold price meanwhile rose by HK$160 to $16,050 (Bt62,675) per tael, the Chinese Gold and Silver Exchange Society reported.
The Stock Exchange of Thailand (SET) Index closed at 1,503.36 on Tuesday, up 2.44 points or 0.16 per cent. Total transactions amounted to Bt88.90 billion with an index high of 1,509.65 and a low of 1,500.80.
In the morning session, a Krungsri Securities analyst expected the day’s index to fluctuate between 1,490 and 1,510 points despite the US approving a US$1.9-trillion economic stimulus package.
Uncertainty over the rise in US Treasury bond yields, plus the falling oil price due to expectations that Opec+ will increase production at its meeting on Thursday, would pressure the index, he said.
The 10 stocks with the highest trade value today were STA, OR, COM7, CPALL, PTT, CPF, PTG, SAWAD, SCB and AOT.
Other Asian indices were mostly down:
Japan’s Nikkei Index closed at 29,408.17, down 255.33 points or 0.86 per cent.
China’s Shang Hai SE Composite Index closed at 3,508.59, down 42.81 points or 1.21 per cent, while the Shenzhen SE Component Index closed at 14,751.12, down 106.23 points or 0.71 per cent.
Hong Kong’s Hang Seng Index closed at 29,095.86, down 356.71 points or 1.21 per cent.
Taiwan’s TAIEX Index closed at 15,946.88, down 6.92 points or 0.043 per cent.
The exception was South Korea’s KOSPI, which closed at 3,043.87, up 30.92 points or 1.03 per cent.
The Stock Exchange of Thailand (SET) Index rose by 5.42 points, or 0.36 per cent, to 1,506.34 in the morning session on Tuesday.
A Krungsri Securities analyst expected the day’s index to fluctuate between 1,490 and 1,510 points despite the US approving a US$1.9-trillion economic stimulus package.
Uncertainty over the rise in US Treasury yield, together with the falling oil price due to an expectation that Opec+ would increase production during the meeting on Thursday, would pressure the index, he said.
He recommended that investors buy:
▪︎ AOT, MINT, CENTEL, CPN, CRC and MAJOR, which benefit from positive news of the Covid-19 vaccine in Thailand.
▪︎ HANA, KCE, TU and CPF, which benefit from the weakening baht.
▪︎ CBG, ICHI, SAPPE, RBF, DOD and PTG, which benefit from positive news on hemp production and its general use.
The SET Index on Monday closed at 1,500.92, up 4.14 points or 0.28 per cent. The volume of total transactions was Bt84.56 billion with an index high of 1,505.61 and a low of 1,487.99.
BJC Big C Foundation donated 3.65 Tons of Rice to support Camillian Home for Children Living with Disabilities
Mar 02. 2021
By The Nation
BJC Big C Foundation led byAswin Techajareonvikul Executive Vice President of BJC Big C Foundation and Chief Executive Officer & President of BJC Big C Group recently donated 3.65 tons of Rice to support Camillian Home for Children Living with Disabilities, Lat Krabang, as well as to distribute to communities in need. The ceremony was presided over by H.E. Lorenzo Galanti, Ambassador of Italy to the Kingdom of Thailand with Father Anusorn Nilkhet, Director of Camillian Homeat Embassy of Italy in Bangkok, CRC Tower All Seasons Place.
Thailand’s number one content management and distribution company JKN Global Media generated a profit of over Bt400 million in 2020.
JKN’s revenue was over Bt1.7 billion, up 25 per cent year on year. The company had generated over Bt10 billion in revenue and over Bt1.1 billion in profit in the previous five years.
JKN ‘s chief executive officer, Jakkaphong “Anne” Jakrajutatip, said the rise in the company’s earnings came from their experience in understanding consumer behaviour.
The famous Thai transgender businessperson added that this showed a significant improvement compared to last year.
“Last year, many Thai TV series launched in foreign countries, such as ‘Rakboon’, ‘Ngern Pak Phee’, ‘My Secret Bride’ and ‘My Forever Sunshine’ received good response from viewers,” she said.
“In Thailand, many series from Japan, Korea, USA, India, China and Philippines, such as ‘Dae Jang-geum’, ‘Coffee Prince’, ‘Ju Mong Prince of the Legend’, ‘CSI’, ‘The Walking Dead’ and ‘Buddhaa – The King of Kings’ were popular among Thai people.”
She added that the company had expanded various types of businesses, such as healthcare and beverage to support the company’s strategy as Content Commerce Company.
On top of that, she also gains public interest on her lifestyle with over 12 million followers on her social media platforms such as Instagram and Facebook.
Currently, JKN’s asset under management was over Bt10 billion.
The price of gold slumped by Bt450 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.
As of 9.26am, the buying price of a gold bar was Bt24,550 per baht weight and selling price Bt24,650, while gold ornaments were priced at Bt24,104.40 and Bt25,150, respectively.
At close on Saturday, the buying price of a gold bar was Bt25,000 per baht weight and selling price Bt25,100, while gold ornaments were Bt24,544.04 and Bt25,600, respectively.
Spot gold price moved to US$1,715 (Bt51,985) per ounce after falling by $5.8 to $1,723 on Monday due to mass sell-offs of the precious metal in response to rising US stock indices and the strengthening dollar.
Hong Kong gold price dropped by HK$240 to $15,980 (Bt62,438) per tael, the Chinese Gold and Silver Exchange Society reported.
By Syndication Washington Post, Bloomberg · Rita Nazareth, Vildana Hajric
Stocks climbed as confidence returned to markets, with investors shaking off concern about the impacts of higher Treasury yields.
In a broad-based rally, the S&P 500 notched its biggest advance in almost nine months, the Nasdaq Composite jumped 3% while the Russell 2000 of small caps outperformed. GameStop Corp. added to last week’s surge of over 150%, with retail investors promoting the stock on social-media platforms such as Reddit and StockTwits.
Longer-dated Treasurys resumed their sell-off even as intermediate maturities found support, with traders priming themselves for how Federal Reserve officials slated to speak this week might respond to the recent tumult. Investors piled back into risk assets as stocks rebounded following a rout that was triggered by concern that massive stimulus as well as progress in battling the coronavirus have left some areas of the economy at risk of possibly overheating. The S&P 500 extended a rally from its March 2020 lows to about 75%.
“Equity investors are still looking at the rise in rates mostly as ‘a good thing’ and not yet as a threat, notwithstanding some shaking of the tree in high multiple stocks and other parts of the market last week,” wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group. “The benefits of the vaccines versus the challenge of higher rates will be the theme this year.”
Bitcoin rallied after a volatile weekend session, riding a broad resurgence in risk assets and a bullish report from Citigroup Inc. The bank’s strategists laid out a case for the digital asset to play a bigger role in the global financial system, saying the cryptocurrency could become “the currency of choice for international trade” in the years ahead.
These are some of the main moves in markets:
Stocks
– The S&P 500 Index surged 2.4% as of 4 p.m. EST.
– The Stoxx Europe 600 Index climbed 1.8%.
– The MSCI Asia Pacific Index advanced 1.8%.
– The MSCI Emerging Market Index rose 1.7%.
Currencies
– The Bloomberg Dollar Spot Index dipped 0.1%.
– The euro declined 0.2% to $1.2045.
– The Japanese yen depreciated 0.2% to 106.81 per dollar.
Bonds
– The yield on 10-year Treasurys climbed three basis points to 1.44%.
– Germany’s 10-year yield sank seven basis points to -0.33%.
– Britain’s 10-year yield declined six basis points to 0.759%.
Commodities
– West Texas Intermediate crude declined 1.8% to $60.38 a barrel.
The Stock Exchange of Thailand (SET) Index closed at 1,500.92 on Monday, up 4.14 points or 0.28 per cent. The volume of total transactions was Bt84.56 billion with an index high of 1,505.61 and a low of 1,487.99.
In the morning session, a Krungsri Securities analyst expected the SET to fall to between 1,455 and 1,475 points due to uncertainty over rising US Treasury bond yields and the falling oil price, together with the outflow of foreign funds due to the weakening baht.
However, the index would rebound after the approval of US economic relief worth US$1.9 trillion, he said.
The 10 stocks with the highest trade value today were STA, OR, STGT, KBANK, CPALL, PTT, SAWAD, AOT, ICHI and PTTEP.
Other Asian indices rose on Monday:
Japan’s Nikkei Index closed at 29,663.50, up 697.49 points or 2.41 per cent.
China’s Shang Hai SE Composite Index closed at 3,551.40, up 42.32 points or 1.21 per cent, while Shenzhen SE Component Index closed at 14,857.34, up 349.90 points or 2.41 per cent.
Hong Kong’s Hang Seng Index closed at 29,452.57, up 472.36 points or 1.63 per cent.
South Korea’s KOSPI Index was closed for Independence Day, while Taiwan’s TAIEX Index was closed for Peace Memorial Day.
The Stock Exchange of Thailand (SET) Index fell by 8.08 points, or 0.54 per cent, to 1,488.70 in the morning session on Monday.
A Krungsri Securities analyst expected the SET to fall between 1,455 and 1,475 points due to uncertainty over rising US Treasury yields and falling oil price, together with the outflow of foreign fund due to the weakening baht.
However, the index would rebound from the approval of the US economic relief package worth US$1.9 trillion, he said.
He recommended that investors buy:
▪︎ AOT, MINT, CENTEL, CPN, CRC and MAJOR, which benefit from positive news of Covid-19 vaccine in Thailand.
▪︎ HANA, KCE, TU and CPF, which benefit from the weakening baht.
▪︎ CBG, ICHI, SAPPE, RBF, DOD and PTG, which benefit from positive news on hemp production and its general use.
The SET Index closed at 1,496.78 on Thursday, up 5.67 points or 0.38 per cent. Total transactions amounted to Bt124.12 billion with an index high of 1,511.30 and a low of 1,494.36.
The index was closed on Friday for Makha Bucha Day.
The price of gold rose by Bt100 per baht weight in the morning trade on Monday, the Gold Traders Association reported.
As of 9.27am, the buying price of a gold bar was Bt25,100 per baht weight and selling price Bt25,200 while gold ornaments cost Bt24,650.16 and Bt25,700, respectively.
On Saturday’s close, the buying price of a gold bar was Bt25,000 per baht weight and selling price Bt25,100 while gold ornaments cost Bt24,544.04 and Bt25,600, respectively.
Jakkaphong “Anne” Jakrajutatip
SootinClaimon.Com 