Thai Shares Expected To Bounce Higher Again On Thursday

RTTNews | 567 dias atrás
Thai Shares Expected To Bounce Higher Again On Thursday

(RTTNews) - The Thai stock market on Wednesday ended the five-day winning streak in which it had advanced more than 35 points or 2.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,415-point plateau although it's likely to see renewed support on Thursday.

The global forecast for the Asian markets is upbeat on continued optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The SET finished modestly lower on Wednesday following losses from the food, finance, industrial, resource, service and technology sectors.

For the day, the index shed 9.46 points or 0.66 percent to finish at 1,414.15 after trading between 1,407.37 and 1,422.02. There were 258 decliners and 219 gainers, with 161 stocks finishing unchanged.

Among the actives, Advanced Info climbed 0.93 percent, while Thailand Airport stumbled 1.86 percent, Banpu tumbled 1.88 percent, Bangkok Bank fell 0.33 percent, Bangkok Dusit Medical dropped 0.93 percent, Bangkok Expressway was down 0.62 percent, B. Grimm plummeted 3.70 percent, BTS Group improved 0.70 percent, CP All Public slumped 0.44 percent, Energy Absolute surrendered 1.58 percent, Gulf tanked 2.14 percent, Kasikornbank collected 0.38 percent, Krung Thai Card lost 0.53 percent, PTT Oil & Retail added 0.50 percent, PTT Exploration and Production slid 0.31 percent, PTT Global Chemical sank 0.65 percent, Siam Concrete rose 0.34 percent, Thai Oil advanced 0.97 percent, TTB Bank shed 0.64 percent and Charoen Pokphand Foods, Krung Thai Bank, Siam Commercial Bank, SCG Packaging, Asset World, True Corporation and PTT were unchanged.

The lead from Wall Street is positive as the major averages opened higher on Wednesday and remained in the green throughout the session.

The Dow jumped 184.74 points or 0.53 percent to finish at 35,273.03, while the NASDAQ gained 65.88 points or 0.46 percent to end at 14,265.86 and the S&P 500 rose 18.43 points or 0.41 percent to close at 4,556.62.

The strength on Wall Street came as continued optimism about the outlook for interest rates contributed to renewed buying interest following the previous day's pullback.

While the minutes of the latest Federal Reserve meeting failed to provide any indications the central bank plans to cut interest rates in the near future, CME Group's FedWatch Tool suggests the next move will be a rate cut in mid-2024.

In economic news, the Labor Department said first-time claims for unemployment benefits fell more than expected last week. Also, the Commerce Department said new orders for U.S. manufactured durable goods pulled back by much more than expected in October.

Crude oil futures settled lower Wednesday after data showed a notable increase in crude inventory in the U.S., and after OPEC postponed a key meeting by four days. West Texas Intermediate Crude oil futures for January ended down $0.67 or 0.86 percent at $77.10 a barrel.

read more
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 17 minutos atrás
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 47 minutos atrás
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 1h 17min atrás
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | 1h 32min atrás
South Korea Shares Due For Consolidation

South Korea Shares Due For Consolidation

The South Korea stock market has finished higher in six straight sessions, collecting more than 210 points or 7.7 percent along the way. The KOSPI now rests just above the 2,900-point plateau although investors are likely to lock in gains on Thursday.
RTTNews | 1h 47min atrás
New Zealand Card Retail Sales Data Due On Thursday

New Zealand Card Retail Sales Data Due On Thursday

New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
RTTNews | 2h 47min atrás
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | 6h 41min atrás