Higher Open Anticipated For Thai Stock Market

RTTNews | 9 시간 19 분 전

(RTTNews) - The Thai stock market on Monday ended the two-day losing streak in which it had slumped almost 10 points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it's got a positive lead again for Tuesday's trade. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks expected to lead the way higher. The European and U.S. markets were mostly higher and the Asian bourses are also likely to open to the upside.

The SET finished modestly higher on Monday following gains from the consumer, finance, industrial, property, resource, service and technology sectors.

For the day, the index gained 10.15 point or 0.70 percent to finish at 1,452.78 after trading between 1,442.16 and 1,456.57. Volume was 12.960 billion shares worth 38.390 billion baht. There were 287 gainers and 238 decliners, with 146 stocks finishing unchanged. Among the actives, Thailand Airport added 2.53 percent, while Asset World rallied 4.71 percent, Banpu advanced 0.89 percent, Bangkok Bank jumped 1.68 percent, Bangkok Expressway slid 0.65 percent, B. Grimm increased 0.99 percent, CP All Public shed 0.78 percent, Charoen Pokphand Foods shed 0.41 percent, Gulf accelerated 2.05 percent, Kasikornbank climbed 1.02 percent, Krung Thai Bank collected 0.49 percent, PTT Oil & Retail strengthened 2.82 percent, PTT sank 0.77 percent, PTT Global Chemical soared 3.73 percent, SCG Packaging spiked 2.97 percent, Siam Commercial Bank rose 0.44 percent, Siam Concrete surged 3.48 percent, Thai Oil gained 1.88 percent, True Corporation dropped 0.84 percent, TTB Bank improved 1.14 percent and Krung Thai Card, Advanced Info, Energy Absolute, PTT Exploration and Production, Bangkok Dusit Medical and BTS Group were unchanged.

The lead from Wall Street suggests mild upside as the major averages opened on opposite sides of the line on Monday and maintained a fairly narrow trading range before ending mixed.

The Dow shed 55.39 points or 0.13 percent to finish at 43,389.60, while the NASDAQ climbed 111.69 points or 0.60 percent to close at 18,791.81 and the S&P 500 added 23.00 points or 0.39 percent to end at 5,893.62.

The strength on Wall Street reflected bargain hunting as traders look to pick up stocks at reduced levels following last week's steep drop amid concerns about the outlook for interest rates.

In U.S. economic news, the National Association of Home Builders said homebuilder confidence has improved much more than anticipated in November, hitting its highest level since April.

Oil prices climbed higher on Monday on concerns about likely shortage in supplies due to an escalation in Russia - Ukraine war, while a weaker dollar also contributed to the rise in oil prices. West Texas Intermediate Crude oil futures for December closed higher by $2.14 or 3.2 percent at 69.16 a barrel.

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 5 시간 11 분 전

European Markets Seen Opening On A Firm Note

European markets are expected to open on Tuesday on a positive note even as markets focus on the health of the corporate sector and the potential monetary policy trajectory.

RTTNews | 5 시간 13 분 전

Sensex, Nifty Move Higher As Stocks Rise On Bargain Hunting

Indian shares are up firmly in positive territory Tuesday morning with traders indulging in some bargain hunting at several counters following recent steep losses. Positive lead from global markets contribute to the buying interest on the Indian bourses.

RTTNews | 5 시간 21 분 전

European Economic News Preview: Eurozone Inflation, Current Account Data Due

Final inflation and current account data from the euro area and the treasury select committee hearing on the monetary policy report from the UK are the top events due on Tuesday. At 2.00 am ET, foreign trade data is due from Switzerland. The trade surplus is forecast to narrow to CHF 4.25 billion in October from CHF 4.95 billion in September.

RTTNews | 5 시간 33 분 전

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as traders picked up some stocks at a bargain after the recent weakness in the markets amid concerns about the outlook for interest rates. Strong gains in mining and energy stocks also boosted the markets amid climbing commodity prices. Asian markets closed mixed on Monday.

RTTNews | 7 시간 46 분 전

Indian Shares Seen Opening Slightly Higher

Indian shares may open higher Tuesday morning, tracking cues from Wall Street where stocks saw some upside overnight thanks to bargain hunting following the steep drop seen last week. Slightly higher Gift Nifty futures also point to a positive start for the Indian market.

RTTNews | 8 시간 21 분 전

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, reversing the losses in the previous session, with the Nikkei 225 moving above the 38,400 level, following the mixed cues from Wall Street overnight, with gains across most sectors led by automakers, exporters and financial stocks.

RTTNews | 8 시간 48 분 전

Indonesia Stock Market Due For Support On Tuesday

The Indonesia stock market has finished lower in four straight sessions, shedding almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,135-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks expected to lead the way higher. The European and U.S. markets were mostly higher and the Asian bourses are also likely to open to the upside. The JCI finished modestly lower on Monday following losses from the financial shares and mixed performances from the cement and resource companies. For the day, the index shed 26.98 points or 0.38 percent to finish at 7,134.28 after trading between 7,118.87 and 7,174.75. Among the actives, Bank CIMB Niaga sank 0.84 percent, while Bank Mandiri fell 0.39 percent, Bank Danamon Indonesia shed 0.40 percent, Bank Negara Indonesia declined 0.81 percent, Bank Central Asia tumbled 1.72 percent, Bank Rakyat Indonesia tanked 2.68 percent, Indosat Ooredoo Hutchison dropped 0.88 percent, Indocement lost 0.72 percent, Semen Indonesia rose 0.28 percent, United Tractors surrendered 2.64 percent, Astra International dipped 0.20 percent, Energi Mega Persada rallied 3.15 percent, Astra Agro Lestari stumbled 2.70 percent, Aneka Tambang slid 0.36 percent, Jasa Marga slumped 0.44 percent, Vale Indonesia plunged 3.40 percent, Timah retreated 0.76 percent, Bumi Resources surged 2.68 percent and Bank Maybank Indonesia and Indofood Sukses Makmur were unchanged.

RTTNews | 9 시간 49 분 전

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