Thai Shares Expected To Remain Rangebound

RTTNews | 853 hari yang lalu
Thai Shares Expected To Remain Rangebound

(RTTNews) - The Thai stock market has moved lower in two straight sessions, although it has given away not even 2 points in that span. The Stock Exchange of Thailand now rests just beneath the 1,685-point plateau and it's looking at another flat performance again on Thursday.

The global forecast for the Asian markets suggests little movement amid a lack of catalysts with some markets still on holiday. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow that lead.

The SET finished barely lower on Wednesday following mixed performances from the financial shares and the energy producers.

For the day, the index eased 0.83 points or 0.05 percent to finish at 1,682.11 after trading between 1,678.71 and 1,687.51. Volume was 13.850 billion shares worth 57.927 billion baht. There were 959 decliners and 456 gainers, with 557 stocks finishing unchanged.

Among the actives, Advanced Info added 0.50 percent, while Thailand Airport fell 0.33 percent, Asset World soared 2.48 percent, Bangkok Bank advanced 0.98 percent, Bangkok Dusit Medical retreated 1.69 percent, Bangkok Expressway surged 2.56 percent, B. Grimm gained 0.60 percent, CP All Public slid 0.36 percent, Charoen Pokphand Foods declined 1.67 percent, Gulf improved 0.93 percent, Krung Thai Bank lost 0.56 percent, Krung Thai Card rose 0.44 percent, PTT Oil & Retail slumped 1.29 percent, PTT Global Chemical increased 0.49 percent, SCG Packaging plunged 2.80 percent, Siam Commercial Bank sank 0.47 percent, Siam Concrete dropped 0.86 percent, True Corporation was up 0.41 percent and TTB Bank, Banpu, BTS Group, Energy Absolute, Kasikornbank, PTT, PTT Exploration and Production and Thai Oil were unchanged.

The lead from Wall Street is murky as the major averages opened sharply lower on Wednesday but improved as the day progressed, eventually finishing mixed and little changed.

The Dow rose 9.88 points or 0.03 percent to finish at 33,743.84, while the NASDAQ dipped 20.91 points or 0.18 percent to close at 11,313.36 and the S&P 500 eased 0.73 points or 0.02 percent to end at 4,016.22.

The early sell-off on Wall Street reflected a negative reaction to disappointing earnings news from some big-name companies like software giant Microsoft (MSFT) and aerospace giant Boeing (BA).

With gold for February delivery climbing $7.20 to $1,942.60 an ounce, the NYSE Arca Gold Bugs Index jumped by 1.9 percent to a seven-month closing high.

Banking, airline and steel stocks also showed strong moves to the upside, contributing to the recovery by the broader markets.

Crude oil futures rose slightly higher Wednesday, with traders reacting to reports that a diesel refinery in Louisiana was shut after a fire on Saturday. The disruption is expected to last at least a month. West Texas Intermediate Crude oil futures for March settled at $80.15 a barrel, up just 2 cents from the previous close.

read more
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Swiss stocks turned in a weak performance on Wednesday, losing ground gradually after opening marginally down, as uncertainty about U.S. government's trade policies rendered the mood cautious.
RTTNews | 2j 37min yang lalu
European Stocks Fail To Hold Early Gains, Close Broadly Lower

European Stocks Fail To Hold Early Gains, Close Broadly Lower

Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.
RTTNews | 3j 6min yang lalu
Canadian Market Slightly Lower; BoM, National Bank Rise On Results

Canadian Market Slightly Lower; BoM, National Bank Rise On Results

The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.
RTTNews | 3j 44min yang lalu
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | 7j 12min yang lalu
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
RTTNews | 7j 24min yang lalu
FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | 8j 13min yang lalu
German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | 8j 18min yang lalu
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | 9j 27min yang lalu