Soft Start Predicted For Thai Stock Market

RTTNews | Před 41 dny

(RTTNews) - The Thai stock market on Tuesday wrote a finish to the five-day winning streak in which it had accelerated more than 80 points or 5.8 percent. The Stock Exchange of Thailand now sits just beneath the 1,430-point plateau and it may take further damage on Wednesday.

The global forecast for the Asian markets is mixed and flat ahead of key inflation data later this week. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to follow the latter lead.

The SET finished slightly lower on Tuesday as losses from the financial, industrial, property and resource sectors were mitigated by support from the food and technology companies.

For the day, the index slipped 3.10 points or 0.22 percent to finish at 1,428.03 after trading between 1,422.63 and 1,434.68. Volume was 10.735 billion shares worth 64.242 billion baht. There were 303 decliners and 228 gainers, with 139 stocks finishing unchanged.

Among the actives, Advanced Info and CP All Public both fell 0.38 percent, while Thailand Airport was down 0.40 percent, Asset World stumbled 1.62 percent, Banpu plummeted 4.84 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical improved 0.85 percent, Bangkok Expressway gained 0.63 percent, B. Grimm sank 0.86 percent, BTS Group plummeted 2.48 percent, Charoen Pokphand Foods climbed 1.00 percent, Energy Absolute surged 5.11 percent, Gulf slid 0.45 percent, Krung Thai Bank shed 0.49 percent, Krung Thai Card lost 0.56 percent, PTT Oil & Retail slumped 1.74 percent, PTT weakened 1.46 percent, PTT Exploration and Production plunged 2.78 percent, PTT Global Chemical tumbled 1.79 percent, SCG Packaging retreated 1.75 percent, Siam Concrete tanked 2.02 percent, Thai Oil dropped 0.91 percent, True Corporation declined 1.90 percent, TTB Bank advanced 0.99 percent and Kasikornbank and Siam Commercial Bank were unchanged.

The lead from Wall Street is cautiously optimistic as the major averages opened mixed on Tuesday and bounced back and forth across the line before finishing on opposite sides.

The Dow shed 92.63 points or 0.23 percent to finish at 40,736.96, while the NASDAQ jumped 141.28 points or 0.84 percent to close at 17,025.88 and the S&P 500 added 24.47 points or 0.45 percent to end at 5,495.52.

The volatility seen over the course of the trading day came as traders looked ahead to the release of closely watched consumer and producer price inflation data on Wednesday and Thursday, respectively.

The data could impact the outlook for interest rates ahead of the Federal Reserve's monetary policy meeting next week.

The Fed is almost universally expected to begin lowering interest rates next week, but there is some debate about if the rate cut will be 25 basis points or 50.

Crude oil prices slumped on Tuesday, ahead of the inflation data and on concerns over the health of the global economy. West Texas Intermediate crude for October delivery stumbled $2.43 or 3.54 percent to finish at $66.28 per barrel.

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as bond yields surged on cooling expectations on US Fed interest rate cuts. Traders also booked some profits after the recent up surge in the markets. The uncertainty over wars in the Middle East and Europe as well as the U.S. presidential election is weighing on market sentiment.

RTTNews | Před 4 h 43 min

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Tuesday, adding to the slight losses in the previous session, with the Nikkei 225 falling to stay a tad above the 38,400 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights and technology stocks.

RTTNews | Před 5 h 16 min

Sensex, Nifty Seen Lower As Bond Yields Surge

Indian shares are likely to open lower on Tuesday as investors react to weak global cues and an uptrend in oil prices overnight amid heightened tensions in the Middle East.

RTTNews | Před 5 h 17 min

Thai Stock Market May Take Further Damage On Tuesday

The Thai stock market has tracked lower in two straight sessions, slipping more than 6 points or 0.4 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,490-point plateau and it's looking at another soft start again on Tuesday.

RTTNews | Před 5 h 42 min

Australian Market Sharply Lower

Reversing the gains in the previous session, the Australian stock market is trading sharply lower on Tuesday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by energy and technology stocks. Gold miner stocks were the only bright spot.

RTTNews | Před 6 h 6 min

Indonesia Stock Market Due For Consolidation On Tuesday

The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The JCI finished slightly higher on Monday following mixed performances from the financial shares and resource stocks. For the day, the index added 12.54 points or 0.16 percent to finish at 7,772.60 after trading between 7,739.89 and 7,795.09. Among the actives, Bank CIMB Niaga dipped 0.26 percent, while Bank Mandiri collected 0.35 percent, Bank Danamon Indonesia rose 0.38 percent, Bank Negara Indonesia fell 0.44 percent, Bank Central Asia shed 0.70 percent, Bank Rakyat Indonesia added 0.40 percent, Bank Maybank Indonesia advanced 0.88 percent, Indosat Ooredoo Hutchison improved 0.82 percent, Indocement tumbled 1.92 percent, Semen Indonesia stumbled 2.43 percent, Indofood Sukses Makmur slid 0.34 percent, Astra International soared 3.66 percent, Energi Mega Persada spiked 3.45 percent, Astra Agro Lestari sank 0.74 percent, Aneka Tambang surged 4.00 percent, Vale Indonesia rallied 3.16 percent, Timah jumped 1.87 percent, Bumi Resources dropped 0.72 percent and United Tractors and Jasa Marga were unchanged.

RTTNews | Před 6 h 12 min

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and it's looking at another soft start again on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

RTTNews | Před 6 h 27 min

Soft Start Predicted For China Stock Market

The China stock market has finished higher in back-to-back sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite now sits just beneath the 3,270-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The SCI finished slightly higher on Monday following mixed performances from the property stocks and resource companies, while the financials and oil companies were down. For the day, the index rose 6.55 points or 0.20 percent to finish at 3,268.11 after trading between 3,239.10 and 3,300.66. The Shenzhen Composite Index jumped 30.10 points or 1.58 percent to end at 1,936.97. Among the actives, Industrial and Commercial Bank of China tanked 2.53 percent, while Bank of China declined 1.98 percent, China Construction Bank dropped 1.93 percent, China Merchants Bank lost 0.51 percent, Agricultural Bank of China stumbled 2.42 percent, China Life Insurance rose 0.21 percent, Jiangxi Copper jumped 1.90 percent, Aluminum Corp of China (Chalco) rallied 2.46 percent, Yankuang Energy strengthened 1.83 percent, PetroChina sank 0.94 percent, China Petroleum and Chemical (Sinopec) fell 0.30 percent, Huaneng Power shed 0.57 percent, China Shenhua Energy retreated 1.57 percent, Gemdale soared 2.43 percent, Poly Developments spiked 2.77 percent and China Vanke tumbled 1.92 percent.

RTTNews | Před 6 h 42 min

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