SET declines 5.4% on rise of infections

SET declines 5.4% on rise of infections

Forecast sees chance of drop below 1400

The Thai stock market plunged 80.60 points or 5.44% on Monday to close at 1401.78 points with trading worth 129.44 billion baht caused by the new surge of Covid-19 in Thailand.

Prospects of a nationwide spread and lockdowns in some areas may send the SET Index down to below 1400 points, said analysts.

The most traded stocks on Monday were Kasikorn Bank, down 7.56% with trade worth 6.2 billion baht, followed by Banpu which declined 3.54% with trade worth 4.45 billion baht, while PTT decreased 5.26% with trade worth 4.44 billion baht.

Foreign investors were net buyers at 3.79 billion baht, suggesting their confidence in Thai stocks’ fundamentals.

Pakorn Peetathawatchai, SET president, said trading on Monday was normal although the…