Poly brings speakerphones for professional-quality audio to your home and office #SootinClaimon.Com

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Poly brings speakerphones for professional-quality audio to your home and office

Jan 25. 2021

By THE NATION

Premium audio and video products-maker Poly (formerly Plantronics and Polycom), on Monday unveiled the Poly Sync family, a new line of smart, USB and Bluetooth speakerphones. These Poly devices use proprietary microphone technology to track the talker, not the noise.

The Poly Sync 20, Poly Sync 40 and Poly Sync 60 speakerphones are designed to enable today’s need to work from anywhere – whether that’s a remote work location at home or a conference room in the office, the company said.

Poly Sync speakerphone’s USB and Bluetooth® connectivity options offer flexibility, while its intelligent microphones can easily detect voices throughout the room to enable crisp audio quality for both work and entertainment. For seamless voice integration, connect Poly Sync speakerphones to your Siri or Google voice assistant and check even more off your to-do list without lifting a finger.

“More workers in Thailand are adopting a hybrid working model – splitting their time working from the office and from home,” said Samir Sayed, Poly’s managing director, Asean and Korea.

“The Poly Sync family offers flexibility and caters to the needs of this growing hybrid workforce no matter where they work from, delivering an enterprise-grade experience that enhances productivity for every work style.”

Poly Sync 20 is certified for Microsoft Teams. The Microsoft Teams version of the Poly Sync 20 incorporates a dedicated Teams button so the Teams app can be launched with a tap. This further adds to Poly’s broad portfolio of Teams-enabled headsets and devices.

Poly also has one of the largest product portfolios for the Zoom platform, and Poly Sync 20 is among the first to receive Zoom’s Personal USB Speakerphone certification.

Poly Sync 20 & Poly Sync 20+

With best-in-class audio and a three-microphone array, Poly Sync 20 and Poly Sync 20+ speakerphones are ideal portable solutions for today’s hybrid work environments, the company said. A remarkable sounding three-in-one device, it’s a personal speakerphone, a portable music speaker and a smartphone charger all in one. Its compact, sleek design and carrying case make it perfect for users on the go. Advanced digital signal processing algorithms ensure both sides of the call can be heard clearly, simultaneously, and a programmable button allows users to personalise their Poly Sync 20 with their favourite functions like music pause/play or voice assistant – all with a single touch, the company said.

The Poly Sync 20+ includes a BT600 USB adapter for seamless Bluetooth connectivity options.

Poly Sync 40

The Poly Sync 40 speakerphone features even bigger sound than the Poly Sync 20, with microphones that allow for greater pickup range as well as the convenient smartphone-charging capabilities to support today’s hybrid work environments. IT or the user can choose to wirelessly daisy chain two units to adapt and expand the reach within varied conference room sizes. Poly Sync 40 features a long-lasting battery with up to 20 hours of talk time and the automatic Bluetooth unpairing option allows users to quickly disconnect Bluetooth devices after a meeting.

Poly Sync 60

The Poly Sync 60, the largest speakerphone in the Poly Sync family, incorporates all of the spectacular features in the Poly Sync 20 and Poly Sync 40, but is designed for larger meeting spaces and conference rooms, the company said.

With a six-microphone array and intelligent LED features, the device can automatically track voices within the meeting room and adapt to make sure the other end of the call has a great audio experience. With its two large built-in speakers, the Poly Sync 60 easily fills the room with rich, crystal clear audio. Connect a USB video camera to the device for complete AV connectivity.

While the Poly Sync family offers solutions for workers in any location, they also help IT managers who can oversee and improve workforce fleet deployment and allow remote management of Poly Sync devices, the company said. This service is sold separately.

Poly Sync 20 is available now in Thailand, while Sync 40 and Sync 60 will be available later in 2021

Finance Ministry sells 5% stake in Bangchak Corp to fund PTTOR share purchase #SootinClaimon.Com

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Finance Ministry sells 5% stake in Bangchak Corp to fund PTTOR share purchase

Biz insightsJan 25. 2021

By The Nation

The Finance Ministry sold 71.89 million shares in SET-listed Bangchak Corporation (BCP) to the state-owned Vayupak Fund 1 on January 19, according to the Securities and Exchange Commission (SEC) on Monday.

The sale was made to fund the ministry’s purchase of 153.34 million shares in PTT Oil and Retail Business (PTTOR)’s upcoming initial public offering.

The sale accounted for 5.30 per cent of BCP’s total issued and paid-up shares.

Following the sale, the Finance Ministry’s stake in BCP amounts to 65.54 million shares, accounting for 4.82 per cent of the company’s total shares.

As of January 22, the Finance Ministry’s shareholdings totalled Bt1.22 trillion, with stakes in Airports of Thailand (AOT), PTT, TMB Bank (TMB), Thailand Future Fund (TFFIF), Thai Airways International (THAI), BCP, MCOT, MFC Asset Management (MFC), Padaeng Industry (PDI), Ratchaphruek Hospital (RPH) and NEP Realty and Industry (NEP).

SET reacts to hurdles in US economic stimulus package #SootinClaimon.Com

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SET reacts to hurdles in US economic stimulus package

EconJan 26. 2021

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 5.00 points, or 0.33 per cent, to 1,496.62 in the morning session on Tuesday.

The SET is expected to fall to between 1,490 and 1,495 due to uncertainty over the delay in the rollout of the US economic stimulus package after trouble in the Senate, and slowdown in economic recovery amid several countries’ lockdowns, said Krungsri Securities’ analyst.

He added that the decline in foreign funds flow and rising number of Covid-19 cases in Thailand would affect investment direction.

He recommended that investors buy:

▪︎ PTTGC, TOP, IVL, EPG, VNT, SCGP, CBG, ROJNA, TVO, STGT, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, MTC, SAWAD and KCE, whose fourth-quarter turnover is expected to improve.

▪︎ CBG, ICHI, OSP and RBF, which benefit from news about hemp.

The SET Index closed at 1,501.62 on Monday, up 3.74 points or 0.25 per cent. Total transactions amounted to Bt82.77 billion with an index high of 1,505.47 and a low of 1,491.63.

Gold gets slight boost as market watches fate of US stimulus package #SootinClaimon.Com

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Gold gets slight boost as market watches fate of US stimulus package

EconJan 26. 2021

By The Nation

The price of gold rose by Bt50 per baht weight in morning trade on Tuesday, the Gold Traders Association reported.

As of 9.28am, the buying price of a gold bar was Bt26,250 per baht weight and selling price Bt26,350 while gold ornaments were priced at Bt25,772 and Bt26,850, respectively.

At close on Monday, the buying price of a gold bar was Bt26,200 per baht weight and selling price Bt26,300 while gold ornaments were Bt25,726.52 and Bt26,800, respectively.

Spot gold price moved to US$1,858 (Bt55,667) per ounce in the morning, while the Comex (Commodity Exchange) gold to be delivered in February dropped by $1 to $1,855.2 per ounce on Monday due to the strengthening dollar.

Meanwhile, the market is keeping an eye on US economic stimulus measures in which President Joe Biden would have to lower the stimulus limits to be approved by Congress.

The Hong Kong gold price rose by HK$20 to $17,140 (Bt66,252) per tael, the Chinese Gold and Silver Exchange Society reported.

‘Unstoppable’ luxury stocks inspire comparisons to strong U.S. tech #SootinClaimon.Com

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‘Unstoppable’ luxury stocks inspire comparisons to strong U.S. tech

EconJan 26. 2021The pandemic is still raging throughout large parts of the world, yet investors keep pushing luxury-goods stocks higher, undeterred by near-record valuations. MUST CREDIT: Bloomberg photo by Tomohiro OhsumiThe pandemic is still raging throughout large parts of the world, yet investors keep pushing luxury-goods stocks higher, undeterred by near-record valuations. MUST CREDIT: Bloomberg photo by Tomohiro Ohsumi

By Syndication Washington Post, Bloomberg · Albertina Torsoli

The coronavirus pandemic is still raging throughout large parts of the world and China is facing a resurgence of the outbreak, yet investors keep pushing luxury-goods stocks higher, undeterred by near-record valuations.

The combination of robust Chinese spending growth and a strong start to the earnings season is seen supporting stocks such as LVMH, Hermes International and Kering SA, all of which reached record highs in the past two months. The quality of the businesses and their substantial position in the stock market are causing some investors to compare the companies to U.S. technology behemoths.

“We view European luxury companies as the European stock market equivalent of U.S. tech: businesses that are unrivaled in their global dominance,” said Giles Rothbarth, manager of the Blackrock European Dynamic Fund. Some companies in the sector with the best prospects are still attractive even after recent share price performance, he said.

Cartier owner Richemont, the first major luxury player to report sales for the last three months of 2020, set the tone on Wednesday with quarterly jewelry revenue that far exceeded expectations in spite of renewed lockdowns and no recovery in travel, fueling further gains in the sector.

French conglomerate LVMH, one of the biggest stocks in the Stoxx Europe 600 Index and a bellwether for the industry, is likely to “shoot the lights out relative to peers” when it reports results on Tuesday, given the strong momentum at its Dior and Louis Vuitton brands, said Swetha Ramachandran, the manager of GAM’s Luxury Brands Equity Fund.

While high spenders can’t splurge on travel and restaurants with many major economies under lockdown, they are choosing to buy luxury objects instead, powering sales for the best-known brands, she said.

“Megabrands seem unstoppable,” Luca Solca, an analyst at Sanford C. Bernstein & Co., said in an interview. Growth is being fueled by Chinese consumers shopping in their home market at higher prices because of covid-19 and snapping up “what they deem indispensable rather than nice-to-have,” which helps the top brands, he said.

Companies such as LVMH, which just acquired the U.S. jeweler Tiffany & Co., are considered high-quality, cash-generating assets that will continue benefiting from long-term structural trends such as the emergence of the Chinese middle class and from diversified, best-in-class brand portfolios that help reduce risks.

Some analysts see reason for caution, because covid-19 restrictions will still hurt the sector this year and a return to normal could mean customers splashing out on travel and eating out rather than on the latest handbag.

The stocks are “priced for perfection,” said Francesca DiPasquantonio, a Deutsche Bank AG analyst who recommends buying only one, Richemont, among the 13 she covers. Valuations have become “complacent with no acknowledgment for risks,” she said.

Analysts at RBC Capital Markets say valuations look “stretched,” with luxury stocks as a group selling for about 40 times this year’s estimated earnings versus the 10-year average of 23 times.

That’s pricier even than many of the U.S. tech giants that have been momentum favorites in the stock market for the past year. Google parent Alphabet Inc., for example, fetches about 27 times estimated earnings, Apple Inc. is priced at 33 times and Facebook Inc. sells for 24 times profit.

Many investors are undeterred, saying the industry is benefiting from an economic recovery in China. The market is probably pricing in a much stronger rebound in earnings this year than forecast by analysts, said Cedric Ozazman, chief investment officer at Reyl & Cie. in Geneva.

“I am not afraid of lofty valuations and I’m still very bullish on the sector,” he said. “The strong appetite for luxury names is accelerating in China.”

Deutsche Bank predicts that luxury companies will report 18% sales growth, on average, this year, which is likely to drive a 95% rebound in earnings in spite of a soft beginning to the year due to covid-19, which could potentially affect China’s Lunar New Year holidays next month.

Continued positive earnings surprises will “be essential to maintain such stock levels but we will very probably see more of those,” fueled by price increases in the industry, cost cuts and a shift to online sales, Bernstein’s Solca said.

Tech leads stock gains ahead of megacap earnings #SootinClaimon.Com

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Tech leads stock gains ahead of megacap earnings

EconJan 26. 2021

By Syndication Washington Post, Bloomberg · Katherine Greifeld

Technology shares led gains in U.S. stocks as investors awaited earnings from some of the biggest companies.

The Nasdaq 100 climbed amid gains for Apple Inc., Tesla Inc. and Microsoft Corp. The S&P 500 Index ended higher, though gains were limited after the top Senate Democrat said lawmakers said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays. GameStop Corp. extended its extreme volatility, more than doubling before paring most of the gains.

The picture was more negative in Europe, with equity benchmarks in France, Spain and the U.K. ending lower. The Stoxx 600 Travel & Leisure index lost 1.9% amid news France may go into another lockdown, the U.K. may tighten border controls and as Israel moved to bar foreign flights from entering the country.

The S&P 500 is coming off its best week since November, and investors are looking for fresh catalysts to push the index higher or at least justify current valuations. That could come from a slate of earnings reports due this week that will shed light on how the biggest tech companies are faring and whether retailers, travel companies and restaurants are seeing any meaningful pickup in business.

“You’ve got 65% of market cap reporting in the next two weeks,” Stuart Kaiser, head of derivatives research at UBS Group AG, said in a Bloomberg Television interview. “The market had rotated into cyclical/value stocks at the end of last year and early into this year, and as earnings have started, I think they’ve been sort of reminded why they liked the leaders to begin with from last year.”

In Asia, stocks gained. Chinese internet firm Tencent Holdings Ltd. jumped 11%, the biggest gain since 2011, as mainland traders sparked a buying frenzy.

Elsewhere in markets, crude oil in New York climbed toward $53 a barrel and the dollar gained. Sovereign bond yields dipped while Bitcoin rebounded above $34,000 before paring the advance.

These are the main moves in markets:

Stocks

– The S&P 500 Index rose 0.4% as of 4 p.m. EST.

– The Stoxx Europe 600 Index declined 0.8%.

– The MSCI Asia Pacific Index advanced 1%.

– The MSCI Emerging Market Index climbed 1.2%.

Currencies

– The Bloomberg Dollar Spot Index rose 0.2%.

– The euro decreased 0.3% to $1.2141.

– The British pound fell 0.1% to $1.3668.

– The Japanese yen was little changed at 103.77 per dollar.

Bonds

– The yield on 10-year Treasurys declined five basis points to 1.04%.

– Germany’s 10-year yield decreased four basis points to -0.55%.

– Britain’s 10-year yield fell five basis points to 0.26%.

Commodities

– West Texas Intermediate crude rose 1% to $52.80 a barrel.

– Gold was little changed at $1,855.01 an ounce.

Why GameStop shares are on a wild, Reddit-driven run #SootinClaimon.Com

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Why GameStop shares are on a wild, Reddit-driven run

EconJan 26. 2021

By The Washington Post · Hamza Shaban

GameStop shares spiked more than 140% Monday, forcing several trading pauses and extending a staggering rally sparked by the passions of retail investors on social media betting against the institutional wisdom of Wall Street.

But that frenzied optimism flipped, sending the stock briefly into negative territory late in the morning before it did another U-turn. It finished the day up 18%, around $77 a share.

The video game retailer’s stock has soared more than 300% since the beginning of the year, charting an epic run for a brick-and-mortar business that, like other retailers, has seen its customers migrate online, forcing the company to shutter hundreds of stores last year. But unlike many other stocks that have flourished because of the disruptions of the coronavirus pandemic, GameStop’s mind-boggling run has been fueled by a confluence of trading dynamics, pushing the stock price to dizzying heights, largely divorced from the fundamentals of the business.

Short sellers, or investors who had planned to profit from GameStop’s fall, are now paying a hefty price, as the stock has not retreated as they had anticipated, compelling them to purchase GameStop shares at inflated prices to avoid even greater losses.

Here’s what you need to know about GameStop’s stock surge.

The start of GameStop’s January rally can be traced back to August 2020, when Ryan Cohen, the co-founder of the online pet supply company Chewy, disclosed that he held a major stake in the company through his investment firm, RC Ventures. With a successful track record in e-commerce, Cohen has since pushed GameStop to move away from emphasizing its physical stores and reorient the business around digital sales, esports, streaming and mobile gaming.

Before Cohen’s arrival, GameStop was seen by many on Wall Street as a relic of an earlier era, defined by a massive retail footprint and late-night lines for Black Friday and blockbuster game releases. With longer hardware life cycles, and the explosion of online and mobile games that transcend the older console model, the company struggled to adapt, drawing analogies to the fate of the record store. Last month, GameStop said net sales fell 30% in the third quarter compared with the same period in 2019.

In January, however, GameStop appointed Cohen and two other former Chewy executives to its board of directors, tasked with accelerating the company’s transformation into a tech-centric e-commerce power house. Shares nearly doubled the week after the announcement.

Touting the optimistic case for GameStop’s future, and the huge opportunity for gains in a company that many institutional investors had bet against, day traders on Reddit and other online communities snapped up the retailer’s shares. Through its meteoric climb, people claiming to have purchased GameStop shares have framed their efforts as a collective, financial rebellion of sorts, delivering payback to wealthy short sellers that grew complacent and overextended themselves.

Part of GameStop’s tremendous climb is tied to those who believe its shares will sink. At the start of the year, GameStop was among the most highly targeted companies by short sellers – investors who bet against a company and who stand to make money when a stock price falls. To short a company, a seller typically borrows a stock and then sells it, with the intention of buying the stock back at a later date, once the price drops. The seller then returns the shares to the entity from which it borrowed, and pockets the difference in price.

But in cases where the pessimistic bet fails to pan out, and the stock price rises, short sellers still have to cover their borrowed shares and are forced to buy the stock back at the higher price. This is known as a “short squeeze.” In this situation, short sellers move to cut their losses and purchase shares that they expected to fall in value but in fact have risen. This money-losing “squeeze” can fuel a cycle of even higher prices, as short sellers buy more shares and drive costs upward.

“The ‘short squeeze’ story is that shorts think it’s worth $20 or less, so at $25, they pressed, and when the stock went to $30, they covered, driving it to $35, where they shorted again. It’s a vicious (or virtuous) cycle,” said Michael Pachter, an analyst with Wedbush Securities. Pachter noted that roughly one-third of the company’s 65 million outstanding shares are owned by company insiders and activist investors, and that when one of them sells, the “bubble may burst.”

From its lows last April, when GameStop traded at $2.80, shares have risen more than 2,600%. Stock traders experienced wider volatility on Monday, as other companies targeted by short sellers rose and fell in dramatic bursts, including AMC and Nordstrom.

“The sudden, sharp surge in GameStop’s share price and valuation likely has been fueled by a short squeeze, given the high short interest, and, to a lesser degree, speculation by retail investors on forecasts for the new gaming cycle and the involvement of activist RC Ventures,” said Joseph Feldman, an analyst at Telsey Advisory Group, in a note on Monday.

“We believe the current share price and valuation levels are not sustainable, and we expect the shares to return to a more normal/fair valuation driven by the fundamentals.”

Telsey also downgraded its rating on GameStop to underperform.

For now, GameStop enthusiasts haven’t shown signs of wavering. Across consecutive sessions on Friday and Monday, trading was halted more than 10 times, as investors drove the price up by double digits.

Australia laments Thailand’s high wine tax as excise dept delivers bitter news #SootinClaimon.Com

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Australia laments Thailand’s high wine tax as excise dept delivers bitter news 

EconJan 26. 2021Australia’s ambassador to Thailand Allan McKinnonAustralia’s ambassador to Thailand Allan McKinnon

By Wichit Chaitrong
The Nation

In potentially bad news for Thailand’s wine drinkers, tax rules are being tightened even as Australia complains of a high excise rate on wine.

Australia’s ambassador to Thailand Allan McKinnon said despite Covid-19, his country remains optimistic on trade and investment with Thailand thanks to agreements in place.

Although Australia is the world’s leading food exporter, Thailand enjoys a food trade surplus with Australia, he told the Nation Group during an exclusive interview.

Thai supermarket shelves remain packed with Australian products like wine, beef and lamb – attesting to Australia’s efforts to ensure sufficient freight flights during the pandemic to sustain its market share here, said McKinnon.

He also credited the Thai-Australian free trade agreement and the recently signed Regional Comprehensive Economic Partnership (RCEP) with boosting trade and investment between the two countries. Zero or low tariffs on Australian products had made many Aussie food products available on Thais’ doorsteps, he added.

However, McKinnon complained about Thailand’s high excise tax rate that sees a bottle of wine worth US$10 in Australia selling at three to four times that price here.

Australia’s total wine exports grew 4 per cent last year to over US$2.14 billion, but now face pressure from a brewing trade war with China. 

Thailand imposes excise tax on both domestic and foreign producers. But high excise tax singles out wine over other alcoholic drinks, said the ambassador.

The Thai Excise Department says it imposes zero excise on wine priced less than Bt1,000 per bottle – but Bt1,500 per litre of alcohol it contains. If the retail price is higher than Bt1,000, the rate rises from zero to 10 per cent.

Excise on beer is 22 per cent rate, plus Bt430 per litre of alcohol.

White liquor carries a tariff of just 2 per cent, plus a meagre Bt155 per litre of alcohol.

In a separate interview, Lavaron Sangsnit, director general of the Excise Department, told the Nation his department is reviewing tax collection on wine.

“We think we could collect more tax revenue on wine, but importers declare their prices much lower than they should, which results in lower tax collection,” he said.

Thailand currently collects about Bt1 billion in tax on wine per year, but the potential tax revenue is much higher, he said.

Lavaron said the department will create a database of wine prices so that their real market value could be checked if the price declared is unusually low.

Wine prices are complicated by the number of brands available (over 10,000) and the quality of grapes from one harvest to the next, he said.

“The department may take four to five months to build the price database, then look at appropriate tax rates later,” he said.

He also revealed the tax rate on white liquor is under debate.

In force since 2017, alcohol taxes are meant in part to protect health by increasing the rate according to alcohol content. However, high-alcohol white liquor is subject to a low tax rate.

Questioned about the liquor rate, Lavaron said his department will look at tax on wine first before moving on to other items.

Ambassador McKinnon expects trade and investment with Thailand to grow rapidly in years to come.

Australian government figures show its exports to Thailand were worth A$6.2 billion (Bt143.5 billion) against imports of A$14.6 billion in fiscal 2018-2019, resulting in a large trade deficit with Thailand.

However, Australia’s exports to Thailand rose 15.6 per cent year on year while imports from Thailand dropped 2.9 per cent.

Meanwhile Australia’s investment in Thailand totalled A$3.9 billion including foreign direct investment (FDI) worth A$1.4 billion. Thailand’s investment in Australia totalled A$6.9 billion including FDI worth A$5.8 billion. FDI does not include financial portfolios and real estate investments.

McKinnon expects the new US administration of President Joe Biden will be fully engaged in the Southeast Asia region. The US is expected to take a strong role in Mekong development and also security and stability in the South China Sea, he said.

He also predicts the US government will restore the multilateral trade system under the World Trade Organisation (WTO) after Donald Trump’s administration blocked the appointment of judges on the WTO’s dispute settlement body.

On the brewing trade war with China, he said Canberra was open to talks but Beijing had not reciprocated, so Australia had taken the issues to the WTO.

Govt to issue Bt60bn in savings bonds to fund pandemic recovery #SootinClaimon.Com

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Govt to issue Bt60bn in savings bonds to fund pandemic recovery

EconJan 26. 2021Patricia Mongkhonvanit, director- general at Public Debt Management Office Patricia Mongkhonvanit, director- general at Public Debt Management Office

By The Nation

The Finance Ministry will issue Bt60 billion in savings bonds to raise funds for the government’s Covid-19 remedial packages and economic recovery, the Public Debt Management Office (PDMO) said on Monday.

The PDMO’s wallet app will be used to distribute Bt5 billion in five-year step-up bonds carrying an average coupon rate of  2 per cent  per annum. Retail investors can invest from Bt100 to Bt5 million.

The PDMO will open for subscription from February 1 to 19.

Meanwhile Bt55 billion in 5-, 10-, and 15-year savings bonds will be distributed via Bangkok Bank, Kasikornbank, Krungthai Bank and Siam Commercial Bank. Subscription will open from February 5 to 15. The step-up bonds carry an average coupon rate of 2 per cent annually for five-year and 2.5 per cent for 10-year bonds. The 15-year maturity bond will offer a fixed coupon rate of 1.8 per cent annually.

Non-profit organisations can subscribe for the bonds from February 16-19. 

PDMO head Patricia Mongkhonvanit insisted public debt was still manageable despite its upward trend.

Thai public debt is projected to be 56 per cent of GDP by the end of this year, up from 50.46 per cent (Bt7.9 trillion) last November.

Thai stock market rebounds past 1,500 points #SootinClaimon.Com

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Thai stock market rebounds past 1,500 points

EconJan 25. 2021

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,501.62 on Monday, up 3.74 points or 0.25 per cent. Total transactions amounted to Bt82.77 billion with an index high of 1,505.47 and a low of 1,491.63.

In the morning session, an analyst at Krungsri Securities forecast the SET would fall to between 1,485 and 1,490 after the US stimulus plan hit trouble in the Senate and the price of oil price fell on increased US oil storage.

The decline in foreign inflows would also pressure the index, he said.

The 10 stocks with the highest trade value today were PTT, HANA, KBANK, STGT, CBG, SCGP, EA, KTC, GPSC and ADVANC.

As of 4.30pm, the price of oil rose by US$0.42 or 0.80 per cent to $52.69 per barrel, while gold dropped by $5.40 or 0.29 per cent to $1,850.80 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 28,822.29, up 190.84 points or 0.67 per cent.

China’s Shang Hai SE Composite Index closed at 3,624.24, up 17.49 points or 0.48 per cent, while Shenzhen SE Component Index closed at 15,710.19, up 81.46 points or 0.52 per cent.

Hong Kong’s Hang Seng Index closed at 30,159.01, up 711.16 points or 2.41 per cent.

South Korea’s KOSPI Index closed at 3,208.99, up 68.36 points or 2.18 per cent.

Taiwan’s TAIEX Index closed at 15,946.54, down 72.49 points or 0.45 per cent.