Continued Consolidation Called For Thai Stock Market

RTTNews | 892 hari yang lalu
Continued Consolidation Called For Thai Stock Market

(RTTNews) - The Thai stock market has finished lower in back-to-back sessions, sinking almost 15 points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,620-point plateau and it's expected to open under pressure again on Monday.

The global forecast for the Asian markets is negative on continuing concerns over the outlook for interest rates and a global recession. The European and U.S. markets were down and the Asian bourses are expected to follow that lead.

The TSE finished barely lower on Friday following mixed performances from the financial shares and energy companies.

For the day, the index slipped 1.27 points or 0.08 percent to finish at 1,619.01 after trading between 1,612.44 and 1,620.44. Volume was 15.684 billion shares worth 66.310 billion baht. There were 868 decliners and 577 gainers, with 569 stocks finishing unchanged.

Among the actives, Advanced Info fell 0.27 percent, while Thailand Airport added 0.34 percent, Bangkok Dusit Medical dropped 0 .88 percent, Bangkok Expressway gained 0.52 percent, B. Grimm climbed 1.27 percent, CP All Public strengthened 1.15 percent, Charoen Pokphand Foods soared 2.09 percent, Energy Absolute improved 1.32 percent, Gulf gathered 1.40 percent, IRPC declined 1.35 percent, Kasikornbank collected 0.35 percent, Krung Thai Bank lost 0.56 percent, Krung Thai Card shed 0.41 percent, PTT Oil & Retail plunged 2.49 percent, PTT sank 0.79 percent, PTT Exploration and Production dipped 0.29 percent, PTT Global Chemical lost 0.53 percent, SCG Packaging retreated 1.31 percent, Siam Commercial Bank rose 0.49 percent, Siam Concrete increased 0.30 percent, Thai Oil slumped 1.37 percent, True Corporation jumped 1.28 percent, TTB Bank tumbled 1.45 percent and Asset World, Banpu, Bangkok Bank and BTS Group were unchanged.

The lead from Wall Street is weak as the major averages opened lower on Friday and remained in the red throughout the session.

The Dow tumbled 281.74 points or 0.85 percent to finish at 32,920.46, while the NASDAQ dropped 105.09 points or 0.97 percent to close at 10,705.41 and the S&P 500 sank 43.39 points or 1.11 percent to end at 3,852.36.

For the week, the NASDAQ plunged 2.7 percent, the S&P declined 2.1 percent and the Dow retreated 1.7 percent.

The sell-off on Wall Street came amid ongoing concerns about the outlook for interest rates and the economy. The Fed's hawkish tone in its latest monetary policy announcement has added to worries about the central bank's aggressive rate hikes tipping the economy into a recession.

While inflation has recently shown signs of slowing, the Fed signaled it plans to continue raising interest rates next year.

Crude oil prices fell sharply Friday amid concerns about the outlook for energy demand due to a global economic slowdown. West Texas Intermediate Crude oil futures for January ended down by $1.82 or 2.4 percent at $74.29 a barrel. WTI crude futures gained 4.4 percent in the week.

read more
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
RTTNews | 2j 56min yang lalu
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
RTTNews | 2j 58min yang lalu
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | 3j 33min yang lalu
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | 4j 0min yang lalu
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | 4j 15min yang lalu
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday.
RTTNews | 4j 34min yang lalu