(RTTNews) – The Thai stock market has completed decrease in two of three periods for the reason that finish of the three-day profitable streak during which it had collected virtually 45 factors or 3.2 p.c. The Stock Trade of Thailand now rests simply above the 1,360-point plateau though it figures to bounce greater once more on Thursday.
The worldwide forecast for the Asian markets is cautiously optimistic, with optimism for financial restoration tempered by renewed coronavirus fears. The European markets have been down and the U.S. markets have been up and the Asian markets determine to separate the distinction.
The SET completed modestly decrease on Wednesday as weak point from the power producers and cement firms was mitigated by assist from the monetary sector.
For the day, the index sank 10.76 factors or 0.78 p.c to complete at 1,362.46 after buying and selling between 1,361.24 and 1,379.71. Quantity was 18.107 billion shares worth 66.274 billion baht. There have been 848 decliners and 510 gainers, with 347 stocks ending unchanged.
Among the many actives, Superior Information added 0.87 p.c, whereas Thailand Airport plunged 3.36 p.c, Asset World shed 0.49 p.c, Bangkok Bank jumped 1.87 p.c, Bangkok Expressway misplaced 0.53 p.c, BTS Group dropped 0.88 p.c, Kasikornbank spiked 2.20 p.c, Krung Thai Bank collected 0.97 p.c, PTT retreated 1.86 p.c, PTT Exploration and Manufacturing tanked 2.88 p.c, PTT International Chemical plunged 2.54 p.c, Siam Industrial Bank climbed 1.39 p.c, Siam Concrete fell 0.26 p.c, TMB Bank sank 0.94 p.c and Bangkok Dusit Medical and Charoen Pokphand Meals have been unchanged.
The lead from Wall Street is constructive as stocks fluctuated early Wednesday earlier than transferring firmly to the upside because the day progressed.
The Dow gained 177.10 factors or 0.68 p.c to complete at 26,067.28, whereas the NASDAQ spiked 148.61 factors or 1.44 p.c to finish at 10,492.50 and the S&P 500 collected 24.62 factors or 0.78 p.c to shut at 3,169.94.
The uneven buying and selling seen for a lot of the session got here amid comparatively gentle quantity, with a scarcity of main U.S. financial information conserving merchants on the sidelines.
The NASDAQ continued to profit from robust good points by tech giants like Apple (AAPL), which surged 2.Three p.c after Deutsche Bank raised its price goal on the corporate’s stock. Beneficial properties by Amazon (AMZN), Netflix (NFLX) and Fb (FB) additionally helped carry the tech-heavy index to a brand new report closing excessive.
Crude oil costs rose Wednesday as a barely greater demand forecast for subsequent yr by the Power Data Administration helped offset a pointy bounce in crude inventories final week. West Texas Intermediate Crude oil futures for August ended up $0.28 or 0.7 p.c at $40.90 a barrel.
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