Thai Stock Market May Run Out Of Steam On Friday

RTTNews | 917 दिनों पहले
Thai Stock Market May Run Out Of Steam On Friday

(RTTNews) - The Thai stock market has climbed higher in three straight sessions, gathering more than 30 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,650-point plateau although it may be stuck in neutral on Friday.

The global forecast for the Asian markets is mixed and flat ahead of key U.S. employment data later in the day. The European and U.S. bourses were mixed and little changed and the Asian bourses are tipped to follow suit.

The SET finished modestly higher on Thursday following mixed performances from the financial shares and energy producers.

For the day, the index improved 13.08 points or 0.80 percent to finish at 1,648.44 after trading between 1,639.02 and 1,651.76. Volume was 18.838 billion shares worth 75.294 billion baht. There were 931 gainers and 695 decliners, with 516 stocks finishing unchanged.

Among the actives, Advanced Info added 0.53 percent, while Thailand Airport retreated 1.33 percent, Asset World sank 0.79 percent, Banpu gained 0.76 percent, Bangkok Bank collected 0.69 percent, Bangkok Dusit Medical plunged 3.31 percent, Bangkok Expressway skidded 1.07 percent, BTS Group shed 0.60 percent, CP All Public climbed 1.15 percent, Charoen Pokphand Foods rose 0.42 percent, Energy Absolute increased 0.52 percent, Gulf gained 0.47 percent, IRPC lost 0.65 percent, Kasikornbank fell 0.35 percent, Krung Thai Bank improved 0.57 percent, Krung Thai Card strengthened 1.28 percent, PTT Exploration and Production dropped 1.06 percent, SCG Packaging jumped 1.81 percent, Siam Commercial Bank was up 0.48 percent, Siam Concrete advanced 0.89 percent, Thai Oil spiked 1.80 percent, True Corporation rallied 2.20 percent, TTB Bank slumped 0.71 percent and B. Grimm, PTT Oil & Retail, PTT and PTT Global Chemical were unchanged.

The lead from Wall Street is murky as the major averages were unable to hold early gains on Thursday, with only the NASDAQ able to break back into the green.

The Dow stumbled 194.76 points or 0.56 percent to finish at 34,395.01, while the NASDAQ added 14.45 points or 0.13 percent to close at 11,482.45 and the S&P 500 eased 3.54 points or 0.09 percent to end at 4,076.57.

The lack of direction shown by the broader markets came as traders looked ahead to the Labor Department's closely watched monthly jobs report later today.

The data could affect the outlook for interest rates, although the impact may be somewhat muted following Federal Reserve Chair Jerome Powell's remarks on Wednesday hinting at a slowdown in the pace of rate hikes as soon as next month.

In economic news, the Institute for Supply Management said manufacturing activity contracted for the first time in over two years in November. Also, the Labor Department said first-time claims for U.S. unemployment benefits pulled back by more than expected last week.

Crude oil futures settled higher Thursday on easing concerns about the outlook for energy demand, while a weaker dollar amid rising prospects of smaller rate hikes by the Fed also contributed to the increase in oil prices. West Texas Intermediate Crude oil futures for January gained $0.67 or 0.8 percent at $81.22 a barrel.

read more
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 39 मिनटों पहले
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 1घंटे 40 मिनट पहले
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 3घंटे 44 मिनट पहले
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 5घंटे 7 मिनट पहले
Eurozone GDP Growth Accelerates To 0.6%

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
RTTNews | 6घंटे 54 मिनट पहले
India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
RTTNews | 7घंटे 7 मिनट पहले
Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

Indian shares rallied on Friday as the Reserve Bank of India (RBI) surprised the market with a 50 basis points (bps) cut in the benchmark repo rate to 5.5 percent, slashed the cash reserve ratio (CRR) by 100 basis points to 3 percent, and also trimmed its inflation forecast for the year by 30 basis points to 3.7 percent.
RTTNews | 7घंटे 9 मिनट पहले