Petrochem Stocks Drive SET Index Higher by 18pts in Hopes of OPEC+ Delaying Output Revamp

SET Index spiked at the opening of an afternoon session on Thursday, rising 18.03 points or 1.27% to 1,435.98 points with a trading value of 51.4 billion baht as of 15:03 local time on December 3, 2020.

 

The stock market surged higher in the afternoon trading session on Thursday after closing 6.55 points higher in the morning at 1,424.50 points.

The surge came as petrochemical stocks drove the market in anticipation of OPEC+ meeting to delay the increasing production output amid coronavirus outbreak.

IVL rose ฿2.25/share or 7.03% to ฿34.25/share with a trading value of 2,380 million baht.

PTT rose ฿0.85/share or 1.83% to ฿41.75/share with a trading value of 1,901 million baht.

IRPC rose ฿0.20/share or 7.04% to ฿3.04/share with a trading value of 1,469 million baht.

PTTEP rose ฿0.75/share or 0.76% to ฿99.25/share with a trading value of 1,140 million baht.