Thai Stock Market Due For Support On Thursday

By RTTNews4 days ago

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(RTTNews) - The Thai stock market has finished lower in two straight sessions, tumbling almost 40 points or 2.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,555-point plateau although it may halt its slide on Thursday.

The global forecast for the Asian markets is mixed and flat amid a lack of catalysts, although crude oil offers mild support. The European and U.S. markets were mixed and the Asian bourses are expected to follow suit.

The SET finished sharply lower on Wednesday following losses from the financial shares and the energy producers.

For the day, the index dropped 23.10 points or 1.46 percent to finish at 1,556.56 after trading between 1,555.57 and 1,570.69. Volume was 37.133 billion shares worth 107.774 billion baht. There were 1,466 decliners and 345 gainers, with 229 stocks finishing unchanged.

Among the actives, Advanced Info skidded 1.16 percent, while Thailand Airport tanked 3.66 percent, Asset World surrendered 2.40 percent, Bangkok Asset Management retreated 1.40 percent, Bangkok Bank declined 1.18 percent, Bangkok Dusit Medical added 0.47 percent, Bangkok Expressway tumbled 2.96 percent, BTS Group dropped 1.60 percent, Charoen Pokphand Foods sank 0.86 percent, Kasikornbank lost 1.38 percent, Krung Thai Bank shed 1.67 percent, PTT Oil & Retail fell 1.57 percent, PTT slid 1.25 percent, PTT Exploration and Production dipped 0.44 percent, PTT Global Chemical eased 0.41 percent, SCG Packaging was down 1.05 percent, Siam Commercial Bank weakened 1.79 percent, Siam Concrete slipped 0.75 percent and TMB Bank and Gulf were unchanged.

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