(RTTNews) – The Thai stock market headed south on Wednesday, sooner or later after it had ended the three-day slide through which it had fallen virtually 25 factors or 1.eight p.c. The Stock Trade of Thailand now rests simply beneath the 1,335-point plateau and it may take additional harm on Thursday.
The worldwide forecast for the Asian markets is broadly unfavourable on renewed fears relating to the Covid-19 virus. The European and U.S. markets had been sharply decrease and the Asian markets are tipped to observe go well with.
The SET completed sharply decrease on Wednesday following losses from the vitality producers and a blended efficiency from the monetary shares.
For the day, the index tumbled 23.00 factors or 1.70 p.c to complete at 1,333.43 after buying and selling between 1,333.32 and 1,365.46. Quantity was 16.339 billion shares worth 60.885 billion baht. There have been 1,065 decliners and 385 gainers, with 259 stocks ending unchanged.
Among the many actives, Superior Information dropped 1.05 p.c, whereas Thailand Airport shed 0.83 p.c, Asset World plunged 5.16 p.c, Banpu tumbled 3.15 p.c, Bangkok Bank jumped 1.42 p.c, Bangkok Dusit Medical misplaced 0.89 p.c, Bangkok Expressway retreated .02 p.c, BTS Group sank 0.87 p.c, Charoen Pokphand Meals fell 0.79 p.c, Kasikornbank spiked 1.40 p.c, Krung Thai Bank skidded 1.90 p.c, PTT tanked 3.23 p.c, PTT Exploration and Manufacturing surrendered 3.64 p.c, PTT World Chemical plummeted 3.68 p.c, Siam Concrete declined 1.67 p.c, TMB Bank was down 1.85 p.c and Siam Business Bank was unchanged.
The lead from Wall Street is mushy as stocks opened firmly within the pink on Wednesday and remained there all through the session.
The Dow plummeted 710.16 factors or 2.72 p.c to complete at 25,445.94, whereas the NASDAQ plunged 222.20 factors or 2.19 p.c to finish at 9,909.17 and the S&P 500 tumbled 80.96 factors or 2.59 p.c to shut at 3,050.33.
The sell-off on Wall Street got here as merchants may not ignore the spiking variety of new Covid-19 instances in a number of U.S. states after Florida and California each reported their single greatest every day will increase in new instances.
New York Governor Andrew Cuomo additionally introduced that out-of-state guests coming to New York, New Jersey and Connecticut from areas with excessive Covid-19 charges can be required to quarantine for 14 days.
Current research recommend the nation’s seven-day common of every day new Covid-19 instances spiked greater than 30 p.c in contrast with per week in the past.
Crude oil costs declined sharply on Wednesday as worries in regards to the outlook for vitality demand rose after knowledge confirmed a surge in coronavirus instances. West Texas Intermediate Crude oil futures for August ended down $2.36 or 5.eight p.c at $38.01 a barrel.
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