SET Index rose 18.15 points or 1.44% to 1,281.86 points after a few minutes into the afternoon session on Thursday as the European stocks edged higher over hopes on Trump’s stimulus aid.
The Thai stock market continued its climb in the afternoon after finishing the first half with a 12.24 gain in the market. The hike came after the European stock markets opened higher as well as the hopes in Thailand’s economic boost and the first batch of foreign tourists with special visas.
The analyst expected SET Index to move in a sideways trend between 1,270-1,280 points, suggesting investors to keep an eye on the U.S. presidential race and the new stimulus measures.
The oil prices traded in Asian trading hours also recovered after a 2% contraction in response to the news of high fuel storage in the U.S. last night.
The international Brent Crude rose $0.47 to $42.46 per barrel , while WTI gained $0.40 per barrel to $40.35 barrel.
DELTA, PTT, MINT and CRC are among the securities with highest volume today, which were factors to keep SET Index going.