Rally May Stall For Thai Stock Market

RTTNews | 1006 ngày trước
Rally May Stall For Thai Stock Market

(RTTNews) - The Thai stock market has moved higher in back-to-back sessions, collecting more than a dozen points along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau although it may run out of steam on Friday.

The global forecast for the Asian markets is soft on continuing concerns over the health of the world economy. The European and U.S. markets were sharply lower and the Asian markets are expected to follow that lead.

The SET finished modestly higher on Thursday following mixed performances from the financial shares and the energy producers.

For the day, the index added 6.73 points or 0.42 percent to finish at 1,616.67 after trading between 1,611.81 and 1,618.86. Volume was 10.513 billion shares worth 43.072 billion baht. There were 749 gainers and 629 decliners, with 577 stocks finishing unchanged.

Among the actives, Advanced Info rose 0.27 percent, while Thailand Airport shed 0.34 percent, Asset World advanced 0.83 percent, Banpu added 0.74 percent, Bangkok Bank and IRPC both collected 0.69 percent, Bangkok Expressway gained 0.53 percent, B. Grimm lost 0.62 percent, CP All Public increased 0.38 percent, Charoen Pokphand Foods improved 0.83 percent, Energy Absolute fell 0.26 percent, Kasikornbank was up 0.35 percent, PTT Oil & Retail climbed 1.32 percent, PTT strengthened 1.61 percent, PTT Exploration and Production soared 2.70 percent, PTT Global Chemical retreated 1.65 percent, SCG Packaging gathered 0.45 percent, Siam Concrete perked 0.30 percent, Thai Oil jumped 1.87 percent, True Corporation sank 0.42 percent, TTB Bank rallied 0.74 percent and Bangkok Dusit Medical, BTS Group, Gulf, Krung Thai Bank, Krung Thai Card and Siam Commercial Bank were unchanged.

The lead from Wall Street is broadly negative as the major averages opened deep in the red and the losses accelerated as the day progressed.

The Dow tumbled 348.99 points or 1.05 percent to finish at 33,037.49, while the NASDAQ plunged 233.25 points or 2.18 percent to close at 10,476.12 and the S&P 500 dropped 56.05 points or 1.45 percent to end at 3,822.39.

The pullback on Wall Street came as some traders cashed in on Wednesday's gains amid ongoing concerns about the outlook for interest rates and the global economy.

Stocks saw further downside following the release of a report from the Conference Board showing a continued slump by its reading on leading U.S. economic indicators in the month of November.

Crude oil futures pared early gains and settled lower on Thursday, snapping a three-day winning streak as the dollar advanced on rate hike bets. West Texas Intermediate Crude oil futures for February ended $0.80 lower at $77.49 a barrel, falling from a high of $79.90 a barrel.

read more
European Shares Set To Follow Wall Street Lower

European Shares Set To Follow Wall Street Lower

European stocks may drift lower at open on Wednesday after U.S. stock markets retreated from record highs overnight on apprehensions about the outlook for interest-rate cuts.
RTTNews | 3h 41phút trước
Japan Private Sector Growth Weakest In 4 Months

Japan Private Sector Growth Weakest In 4 Months

Japan's private sector grew at the slowest pace in four months in September as the strong rise in services activity was partially offset by a steeper fall in manufacturing production, flash survey data published by S&P Global showed on Wednesday. The flash composite output index fell to 51.1 in September from a six-month high of 52.0 in August.
RTTNews | 4h 11phút trước
Sensex, Nifty Extend Losses For Fourth Day

Sensex, Nifty Extend Losses For Fourth Day

Indian shares opened on a sluggish note on Wednesday after U.S. President Donald Trump accused India and China of being the primary funders of Russia's war in Ukraine through their continued purchase of Russian oil.
RTTNews | 4h 27phút trước
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 5h 55phút trước
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are mostly lower on Wednesday, following the negative cues from Wall Street overnight, amid rising ambiguity over the outlook for interest rates after US Fed Chair Jerome Powell gave little indication about the future path of interest rates. Renewed trade tensions with the United States and the escalating tensions in Europe and the Middle East are weighing on market sentiment.
RTTNews | 6h 13phút trước