Lower Open Anticipated For Thai Stock Market

RTTNews | 75天前
Lower Open Anticipated For Thai Stock Market

(RTTNews) - The Thai stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had collected almost 10 points or 0.8 percent. The Stock Exchange of Thailand now sits just beneath the 1,190-point plateau and it may tick lower again on Friday.

The global forecast for the Asian markets suggests mild downside ahead of key inflation data later in the day. The European and U.S. markets saw mild downside and the Asian bourses figure to follow that lead.

The SET finished slightly lower on Thursday as losses from the food, property, service and technology sectors were mitigated by support from the consumer, finance and resource stocks.

For the day, the index dipped 2.46 points or 0.21 percent to finish at 1,187.90 after trading between 1,185.20 and 1,193.96. Volume was 6.418 billion shares worth 27.633 billion baht. There were 327 decliners and 158 gainers, with 173 stocks finishing unchanged.

Among the actives, Advanced Info increased 1.10 percent, while Thailand Airport retreated 1.25 percent, Asset World stumbled 2.26 percent, Banpu dropped 0.93 percent, Bangkok Bank collected 0.67 percent, Bangkok Dusit Medical sank 0.89 percent, B. Grimm plunged 3.60 percent, BTS Group soared 3.70 percent, Energy Absolute cratered 3.54 percent, Kasikornbank strengthened 1.23 percent, Krung Thai Bank added 0.41 percent, Krung Thai Card jumped 1.63 percent, PTT Oil & Retail spiked 2.70 percent, PTT Exploration and Production gained 1.27 percent, PTT Global Chemical gained 0.56 percent, SCG Packaging accelerated 1.43 percent, Siam Commercial Bank improved 0.80 percent, Siam Concrete climbed 1.28 percent, Thai Oil advanced 0.99 percent, TTB Bank rallied 2.04 percent and Charoen Pokphand Foods, True Corporation, Gulf, PTT, CP All Public and Bangkok Expressway were unchanged.

The lead from Wall Street is weak as the major averages opened lower on Thursday and bounced back and forth across the line before finishing modestly lower.

The Dow dropped 155.09 points or 0.37 percent to finish at 42,299.70, while the NASDAQ slumped 94.98 points or 0.53 percent to close at 17,804.03 and the S&P 500 sank 18.89 points or 0.33 percent to end at 5,693.31.

The lower close on Wall Street came amid ongoing concerns about President Donald Trump's trade policies after he announced plans to impose 25 percent tariffs on auto imports.

Traders may also have been reluctant to make significant moves ahead of the release of the Federal Reserve's preferred readings on consumer price inflation later today.

On the U.S. economic front, the Commerce Department said the economy grew slightly faster than estimated in the fourth quarter of 2024. Also, the National Association of Realtors said pending home sales saw a significant rebound in February after plunging to an all-time low in January.

Oil prices moved higher Thursday on supply concerns after data showed a sharp drop in U.S. crude oil inventories last week. West Texas Intermediate Crude oil futures for May closed up $0.19 or about 0.27 percent at $69.84 a barrel.

Closer to home, Thailand will release February figures for industrial production later today, with forecasts suggesting a decline of 1.7 percent on year following the 0.85 percent drop in January.

read more
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 1小時14分鐘前
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 1小時23分鐘前
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 1小時24分鐘前
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | 1小時27分鐘前
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | 1小時35分鐘前
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 3小時15分鐘前
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | 3小時42分鐘前