SET index plunges on Covid-19 spike

SET index plunges on Covid-19 spike

Myanmar workers queue for coronavirus tests in Muang district of Samut Sakhon on Sunday. (Photo: Arnun Chonmahatrakool)
Myanmar workers queue for coronavirus tests in Muang district of Samut Sakhon on Sunday. (Photo: Arnun Chonmahatrakool)

The Stock Exchange of Thailand index plunged on Monday as the number of infections linked to the coronavirus outbreak in Samut Sakhon continued to rise.

The SET main index plunged 38.81 points, or 2.62%, to 1,443.57 in turnover of 30 billion baht shortly after it opened.

The SET50 index dropped 28.58 points or 3.02% to 918.70.

Kasikornbank led the losses, down 5 baht, or 4.20%, to 114, while rubber glove maker Sri Trang Gloves (Thailand) jumped 2.75 baht, or 3.73%, to 76.50 baht.

The stock market dropped after the virus outbreak in Muang district of Samut Sakhon that started at the Central Shrimp Market last week.

The new infections rose to one-day high on Sunday at 576, with 516 of them related to the shrimp market, according to the Centre for Covid-19 Situation Administration.

The Public Health Ministry said the figures were expected to continue rising as more labourers were checked for the virus.


Do you like the content of this article?
COMMENT (1)

SCB, AIS shares jump over online lending JV

Shares in Thailand's third largest lender, Siam Commercial Bank Plc (SCB) jumped in morning trading on Wednesday, following its announcement of a joint venture with the country's top mobile network, Advanced Info Service Plc (AIS).

14:22

Mathayom 6 student hangs himself

NAKHON RATCHASIMA: An 18-year-old Mathayomsuksa 6 student hanged himself in his room at his grandparents' house in Bua Yai district on Tuesday night, leaving a suicide note, police said.

13:13

Data exposed

Personal data of 106 million international travellers to Thailand found to have been exposed online, and there's also a reported leak from Shopee.

12:30