Thai Stock Market May See Additional Support On Monday

RTTNews | 95 dagar sedan
Thai Stock Market May See Additional Support On Monday

(RTTNews) - The Thai stock market bounced higher again on Friday, one day after ending the two-day winning streak in which it had gained almost 20 points or 1.8 percent. The Stock Exchange of Thailand now sits just beneath the 1,160-point plateau and it's expected to extend open in the green again on Monday.

The global forecast for the Asian markets is positive on easing tariff tensions between the United States and China. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.

The SET finished sharply higher on Friday following gains from the food, industrial, property, resource, service and technology sectors.

For the day, the index advanced 12.14 points or 1.06 percent to finish at 1,159.00 after trading between 1,151.65 and 1,161.03. Volume was 6.856 billion shares worth 33.148 billion baht. There were 306 gainers and 161 decliners, with 193 stocks finishing unchanged.

Among the actives, Advanced Info slumped 1.07 percent, while Asset World jumped 1.83 percent, Banpu gained 0.47 percent, Bangkok Bank fell 0.37 percent, Bangkok Dusit Medical soared 2.17 percent, Bangkok Expressway gathered 1.71 percent, B. Grimm improved 0.90 percent, BTS Group sank 0.81 percent, CP All Public accelerated 1.01 percent, Energy Absolute spiked 1.85 percent, Gulf strengthened 1.68 percent, Krung Thai Bank dropped 0.95 percent, PTT Oil & Retail rallied 1.55 percent, PTT increased 0.83 percent, PTT Exploration and Production gained 1.52 percent, PTT Global Chemical added 0.57 percent, SCG Packaging soared 3.82 percent, Siam Commercial Bank shed 0.43 percent, True Corporation advanced 0.85 percent, TTB Bank stumbled 2.21 percent and Charoen Pokphand Foods, Kasikornbank, Krung Thai Card, Siam Concrete, Thai Oil and Thailand Airport were unchanged.

The lead from Wall Street is upbeat as the major averages opened mixed on Friday but a late rally pushed them all into the green by the close.

The Dow rose 20.10 points or 0.05 percent to finish at 40,113.50, while the NASDAQ rallied 216.94 points or 1.26 percent to close at 17,382.94 and the S&P 500 climbed 40.44 points or 0.74 percent to end at 5,525.21. For the week, the NASDAQ spiked 6.7 percent, the S&P 500 surged 4.6 percent and the Dow shot up by 2.5 percent.

The volatility on the day came as traders kept a close eye on the developments on the trade front, with President Donald Trump refuting China's claims that the two countries have not held any trade negotiations.

Several reports citing U.S. businesses also said China has exempted some U.S. imports from its 125 percent tariffs.

In U.S. economic news, the University of Michigan said consumer sentiment in the U.S. deteriorated less than previously estimated in the month of April.

Crude oil futures moved modestly higher on Friday amid signs of easing trade tensions between the U.S. and China. West Texas Intermediate crude for June delivery rose $0.23 or 0.4 percent to $63.02 a barrel. For the week, crude for June delivery tumbled $0.99 a barrel or 1.6 percent.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 8h 31minuter sedan
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 8h 34minuter sedan
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 8h 37minuter sedan
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 9h 23minuter sedan