WTI crude oil-political support Thai Stocks Rise 6.14 By Investing.com

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By Wanitcha Sumanas

Investing.com – Investing in the (SET) market today (14 September 2021) opens at 10.00, pushing SET up 6.14 points but 1,639.90 points, trading value 2,603.67 million baht.

The Thai stock market today opened a lively trading market. This was mainly driven by an increase in oil production in the Gulf of Mexico, which was also affected by Hurricane Ida, affecting oil production. Crude oil prices were able to rise above $70 a barrel for the first time in six weeks and put global energy stocks. And in Thailand, it has benefited from here as well.

For Thai oil stocks with outstanding trading value today at 12.23 pm, including and, which GULF traded at 40.75 baht per share, down 0.25 baht per share or 1.21%, with a trading value of 69.37 million baht and PTTEP Trading at 111.50 baht per share, an increase of 3.00 baht per share or 2.78%, with a trading value of 67.74 million baht.

WTI October delivery on the NIMEX market yesterday (Sept. 13) was at $70.45 a barrel, up 73 cents, or 1.1%.

In addition, the market expects Texas oil production may be affected by the intensifying Tropical Storm Nicholas. coupled with the rising demand for oil

As for the factors affecting the internal stock market, it is also domestic politics. After General Prayut Chan-o-cha, Prime Minister, reiterated that there was no conflict with Gen. Prawit Wongsuwan, Deputy Prime Minister and leader of the Pracharat Party, which was a positive sentiment for the market to relieve concerns about the stability of the government.

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As for the stocks with a lively trading value today at 12.23 pm, including and with KBANK trading at 123.00 baht per share, an increase of 0.50 baht per share or 0.82%, with a trading value of 150.36 million baht and AOT, which is one of the in open city stocks Trading at 62.75 baht per share, an increase of 0.75 baht per share or 0.81%, with a trading value of 126.54 million baht.

​​The mai index rose 2.85 points, or accounted for a positive 0.52% in the same direction, at 552.90 points, with a trading value of 290.94 million baht and increased by 1.86 points or a positive 0.19% at 983.38 points. The total turnover was 1,341 million baht, representing approximately 47.93% of the total trade.

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