Thai Stock Market Overdue For Support On Wednesday

RTTNews | 818天前
Thai Stock Market Overdue For Support On Wednesday

(RTTNews) - The Thai stock market has finished lower in three straight sessions, plunging more than 90 points or 5.7percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,525-point plateau although it should finally catch a break on Wednesday.

The global forecast for the Asian markets is positive on bargain hunting and encouraging inflation data. The European and U.S. markets were sharply higher and the Asian bourses figure to follow that lead.

The SET finished sharply lower on Tuesday with losses in every sector, although the financials and resource stocks were hit especially hard.

For the day, the index retreated 49.18 points or 3.13 percent to finish at 1,523.89 after trading between 1,518.66 and 1,572.36. Volume was 23.734 billion shares worth 103.839 billion baht. There were 1,554 decliners and 295 gainers, with 196 stocks finishing unchanged.

Among the actives, Advanced Info eased 0.50 percent, while Thailand Airport declined 2.21 percent, Asset World slumped 2.78 percent, Banpu retreated 2.80 percent, Bangkok Bank tumbled 2.94 percent, Bangkok Dusit Medical shed 1.79 percent, B. Grimm weakened 4.58 percent, CP All Public tanked 3.63 percent, Charoen Pokphand Foods plummeted 5.05 percent, Energy Absolute plunged 4.97 percent, Gulf tumbled 3.94 percent, Kasikornbank fell 1.17 percent, Krung Thai Bank surrendered 3.59 percent, Krung Thai Card and PTT Global Chemical both declined 3.23 percent, PTT Oil & Retail declined 2.46 percent, PTT stumbled 2.48 percent, PTT Exploration and Production slumped 3/07 percent, SCG Packaging dropped 3.43 percent, Siam Commercial Bank lost 2.26 percent, Siam Concrete plummeted 3.95 percent, Thai Oil lost 2.87 percent and TTB Bank crashed 4.41 percent.

The lead from Wall Street is upbeat as the major averages opened sharply higher on Tuesday and remained in the green throughout the session.

The Dow jumped 336.26 points or 1.06 percent to finish at 32,155.40, while the NASDAQ rallied 239.31 points or 2.14 percent to end at 11,428.15 and the S&P 500 advanced 63.53 points or 1.65 percent to close at 3,919.29.

The strength on Wall Street was fueled by bargain hunting, particularly in the banking sector after regulators said there won't be a relapse of the financial crisis from 15 years ago.

Data showing a drop in U.S. consumer prices in February contributed significantly to the positive mood in the market, allaying fears of an accelerated rate hike from the Federal Reserve.

Crude oil prices fell sharply to a nine-week low on Tuesday amid concerns a fresh financial crisis following the collapse of Silicon Valley Bank and Signature Bank could significantly hurt demand. West Texas Intermediate Crude oil futures for April sank $3.47 or 4.7 percent at $71.33 a barrel.

read more
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.
RTTNews | 21分钟前
TSX Up Marginally; Energy Stocks Rise

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.
RTTNews | 1小时28分钟前
U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.
RTTNews | 2小时4分钟前
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 4小时59分钟前
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 Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 5小时51分钟前
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 6小时25分钟前
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 7小时10分钟前