SET Jumps 21pts, Breaking 1,300pts in Response to the Potential COVID-19 Vaccine

SET Index jumped 21.45 points or 1.67% at the opening bell to 1,307.98 points in response to the positive sentiment over the potential coronavirus vaccine.

 

Last night, Moderna, Inc., an American biotechnology company, reported that the company received positive testing results from the lab for a potential coronavirus vaccine. The company stated that after two doses all 45 trial participants had developed coronavirus antibodies.

 

Stocks in Asia markets traded in positive territories with a gain around 1-2%, while the US stock market closed 2-3% higher last night.

Finansia Syrus Securities stated that SET Index has the potential to break the 1,300 resistance level in today’s session with the energy sector as a top leader on the board due to the continuous rising oil prices, coupled with the positive sentiment over the coronavirus vaccine and the reopening economy.