Thai Stock Market May Run Out Of Steam On Friday

RTTNews | 909 hari yang lalu
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
Australian Market Slightly Trims Early Gains In Mid-market

Australian Market Slightly Trims Early Gains In Mid-market

The Australian market is slightly trimming its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy and technology stocks partially offset by a mixed performance in mining and financial stocks.
RTTNews | 55 minit yang lalu
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.
RTTNews | 1j 15min yang lalu
Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.
RTTNews | 1j 50min yang lalu
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous four sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 2j 43min yang lalu
Thai Shares May Take Further Damage On Thursday

Thai Shares May Take Further Damage On Thursday

The Thai stock market has tracked lower in two straight sessions, slipping almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,160-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 2j 47min yang lalu
Lower Open Anticipated For Hong Kong Stock Market

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,260-point plateau and it's tipped to open under pressure again on Thursday.
RTTNews | 3j 2min yang lalu
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy, financial and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | 3j 13min yang lalu
China Shares May Open Under Pressure On Thursday

China Shares May Open Under Pressure On Thursday

The China stock market has finished lower in five straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,340-point plateau and it may see continued consolidation on Thursday.
RTTNews | 3j 17min yang lalu