Connect with us


Thai stocks plummet nearly 4% in Monday SET trading



The Stock Exchange of Thailand finished yesterday at 1,435.56 points, a decrease of 59.5 points, or nearly 4% – that’s compared to Friday’s close on the SET. The daily trade volume for Monday was 76.431 billion baht, with an index high of 1,474.12 and a low of 1,435.56.

Asian bourses were hammered as confidence was inhibited by rising cases of the Covid-19 outbreak outside of China, with risk-averse sentiment sending gold prices to a seven-year high.

Krungsri Securities expected the SET Index to fall to between 1,475 and 1,480 points due to investors remaining at risk after the virus situation worsened and South Korea began tackling the situation at the highest level, according to The Nation.

The top ten stocks with the highest trade value today were CRC, Gulf, AOT, PTT, CPAll, BAM, KBANK, SCB, PTTEP, and Advanc.

Elsewhere in Asia, China’s Shanghai SE Composite Index closed at 3,031.23, down 8.44 points, or 0.3%, while the Shenzhen SE Component Index ended the day at 11,772.38, up 142.68 points, or 1.23%. Hong Kong’s Hang Seng closed at 26,820.88, down 487.93 points, or 1.8%. South Korea’s Kospi ended at 2,079.04, down 83.80 points, or nearly 4%. Taiwan’s TaiEx closed at 11,534.87, down 151.48 points, or 1.3%. Japan’s Nikkei Index was closed yesterday.

Meanwhile, in better economic news, exports for January 2020 unexpectedly rose according to ministry figures. It’s the first rise in six months, and an increase of 3.35% from the exports 12 months earlier.

The customs-cleared export numbers were boosted by higher shipments of gold and oil-related products, accord to an update from the commerce ministry. Reuters economic writers had earlier forecast a fall of 3% in shipments for the first month for the year, against December’s drop of 1.28%. January’s export figures are not affected by the outbreak of a coronavirus..

SOURCE: The Nation


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

The Thaiger is Thailand's largest online portal for news, videos and information.

Follow Thaiger by email:

Thailand3 mins ago

Father allegedy kills daughter’s cat for stealing his meatballs

Central Thailand37 mins ago

Whale watching season begins in Phetcha Buri

Special Features46 mins ago

Top 10 studio condos in Phuket (2022)

Sponsored7 hours ago

International money transfers made fast, secure and transparent with DeeMoney Neo App

Crime1 hour ago

Thai court overwhelmed with evidence in Forex-3D fraud case

Tourism1 hour ago

Airport expansion plans hastened across Thailand

Thailand2 hours ago

Viral video: American man joins Thai dance in Isaan rite

Join the conversation on the Thaiger Talk forums today!
Politics2 hours ago

China backs Thailand to make APEC a success

Politics3 hours ago

Gen-Z students oppose an unelected senate 17 to 1

Thailand4 hours ago

Foreigner allegedly using dogs to scam Chiang Mai locals

Cannabis News4 hours ago

Tourist breaks Singaporean law by consuming cannabis in Thailand

Northern Thailand4 hours ago

Large, endangered Indochinamon Bhumibol crab spotted

Thailand5 hours ago

Foreigner caught stealing luggage at Bangkok airport

Philippines5 hours ago

Tropical Storm Noru hits the Philippines, 5 rescue workers killed

Travel5 hours ago

Thai drinks you must try while in Thailand

Thailand5 hours ago

Passengers stranded after airport train breaks down

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11