Thai Shares Likely To Remain Rangebound On Monday

RTTNews | 53 일 전
Thai Shares Likely To Remain Rangebound On Monday

(RTTNews) - The Thai stock market ticked higher again on Friday, one day after ending the two-day winning streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,185-point plateau and it may see mild upside again on Monday.

The global forecast for the Asian markets is mixed and flat thanks to ongoing tariff concerns. The European markets were down and the U.S. bourses were barely higher, and the Asian markets figure to split the difference.

The SET finished slightly higher on Friday as gains from the food, financial, resource and technology sectors were capped by weakness among the consumer, industrial, property and service stocks.

For the day, the index added 4.90 points or 0.41 percent to finish at 1,186.61 after trading between 1,180.49 and 1,190.62. Volume was 10.244 billion shares worth 47.327 billion baht. There were 302 decliners and 194 gainers, with 163 stocks finishing unchanged.

Among the actives, Advanced Info improved 0.75 percent, while Thailand Airport slumped 1.23 percent, Asset World sank 0.72 percent, Banpu jumped 1.82 percent, Bangkok Bank strengthened 1.34 percent, Bangkok Dusit Medical stumbled 2.56 percent, Bangkok Expressway gained 0.91 percent, BTS Group plunged 3.54 percent, CP All Public skidded 0.99 percent, Charoen Pokphand Foods rallied 2.12 percent, Energy Absolute tanked 3.31 percent, Kasikornbank spiked 2.18 percent, Krung Thai Bank accelerated 2.13 percent, Krung Thai Card shed 0.54 percent, PTT Oil & Retail dropped 0.93 percent, PTT surged 3.25 percent, PTT Exploration and Production advanced 2.69 percent, SCG Packaging plunged 3.21 percent, Siam Commercial Bank collected 0.40 percent, Siam Concrete retreated 1.21 percent, Thai Oil increased 2.86 percent, True Corporation soared 3.74 percent, TTB Bank climbed 1.04 percent and PTT Global Chemical, B. Grimm and Gulf were unchanged.

The lead from Wall Street ends up slightly positive as the major averages spent almost all of Friday in the red before peeking into the green just before the close.

The Dow added 32.05 points or 0.08 percent to finish at 41,985.35, while the NASDAQ gained 92.45 points or 0.52 percent to close at 17,784.05 and the S&P 500 perked 4.67 points or 0.08 percent to end at 5,667.56.

For the week, the Dow jumped 1.2 percent, while the S&P and the NASDAQ both ended four-week losing streaks, rising by 0.5 percent and 0.2 percent, respectively.

The early weakness on Wall Street came amid ongoing concerns about the economic outlook along with rising geopolitical tensions and uncertainty about the impact of President Donald Trump's tariffs.

Crude oil prices bounced higher on Friday on geopolitical tensions after new U.S. sanctions against a Chinese refinery that purchased Iranian oil. West Texas Intermediate crude for May delivery climbed $0.23 or 0.3 percent to $68.30 a barrel.

read more
Japan GDP Data Due On Friday

Japan GDP Data Due On Friday

Japan will on Friday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to slip 0.1 percent on quarter and 0.2 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three month prior.
RTTNews | 42 분 전
Euro Drops Against Majors

Euro Drops Against Majors

The euro weakened against its major counterparts in the New York session on Thursday.
RTTNews | 3 시간 21 분 전
Swiss Market Shrugs Off Weak Start, Ends On Firm Note

Swiss Market Shrugs Off Weak Start, Ends On Firm Note

After opening weak and remaining subdued till noon, Swiss stocks found some support and kept edging higher on Thursday, and finally ended the day's session on a firm note. Data showing a strong pace of expansion of the Swiss economy in the first quarter of this year aided sentiment.
RTTNews | 5 시간 3 분 전
Major European Markets Recover After Early Setback, Close On Firm Note

Major European Markets Recover After Early Setback, Close On Firm Note

Despite an early struggle, the major European markets turned in fairly steady performance as the session progressed on Thursday to eventually close on a firm note. Easing concerns about tariffs and U.S. inflation, and some encouraging regional economic data helped underpin sentiment.
RTTNews | 5 시간 21 분 전
U.S. Business Inventories Inch Up Slightly Less Than Expected In March

U.S. Business Inventories Inch Up Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
RTTNews | 6 시간 35 분 전
TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

The Canadian market is up in positive territory, extending gains to an eighth straight session, as the undertone continues to remain firm amid easing concerns about tariffs, and the recent data showing a smaller than expected increase in U.S. consumer price inflation in the month of April.
RTTNews | 6 시간 40 분 전
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
RTTNews | 6 시간 51 분 전