Thailand’s stock market could turn its wheels again on Tuesday


(RTTNews) – The Thai stock market ended on Monday a three-day winning streak in which it had collected more than 25 points, or 1.7%. The Thailand Stock Exchange is now just above the 1,620 point plateau and could remain stuck at neutral on Tuesday.

Global forecasts for Asian markets are unclear, with interest rate uncertainty and the coronavirus tempered by crude oil price support. European markets were slightly higher and US exchanges were mixed and little changed and Asian markets seemed to be dividing the difference.

The SET ended slightly lower on Monday following the mixed performance of financial stocks and energy producers.

For the day, the index lost 11.13 points or 0.68% to end at 1,620.02 after trading between 1,616.60 and 1,639.97. The volume was 45.721 billion shares worth 135.801 billion baht. There were 1,395 drops and 553 winners, with 371 stocks ending unchanged.

Among assets, Advanced Info lost 0.51%, while Thailand airport lost 0.40%, Bangkok Bank grew 0.85%, Bangkok Dusit Medical fell 0.44%, Bangkok Expressway fell 1.68%, BTS Group slipped 1.04%, Gulf sank 0.60%, Kasikornbank climbed 3.05 percent, Krung Thai Bank fell 0.87 percent, Krung Thai Card fell 2.93 percent, PTT Oil & Retail fell 1.75 percent, PTT rose 1.25 percent, PTT Exploration and Production jumped 3.54 percent, PTT Global Chemical grew 2.07 percent, SCG Packaging fell 2.73 percent, Siam Commercial Bank fell 1.54%, Siam Concrete gained 0.49%, TTB Bank rose 2.68% and Charoen Pokphand Foods remained unchanged.

Wall Street’s lead is murky as the major averages opened on Monday mixed up and ended similarly.

The Dow added 71.37 points or 0.21% to end at 34,869.37, while the NASDAQ lost 77.73 points or 0.52% to close at 14,969.97 and the S&P 500 lost 12 , 37 points or 0.28% to end at 4,443.11.

Wall Street’s choppy performance came as traders were cautious, awaiting speeches from several Fed officials, including President Jerome Powell.

The uncertainty over China burdened with Evergrande debt added to the cautious sentiment.

In economic news, the Commerce Department said new orders of US manufactured durable goods rose more than expected in August.

Crude oil prices rose sharply on Monday, extending gains to a fifth session amid tighter supplies and signs of growing demand for oil. West Texas Intermediate crude oil futures for November ended $ 1.47 or 2% at $ 75.45 a barrel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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