(RTTNews) – The Thai stock marketplace has ended reduced in back-to-back periods, slipping greater than 20 points or 1.6% on the way. The Stock Exchange of Thailand currently rests just under the 1,340-point although it may find grip on Thursday.
The international prediction for its Asian markets is optimistic on strong earnings news and financial information. The European markets have been mixed and the U.S. bourses moved bigger along with also the Asian markets are expected to stick to the latter direct.
The SET ended slightly lower on Wednesday after losses from the monetary stocks and energy manufacturers.
For the afternoon, the index dropped 2.57 0 or points.19 per cent to finish at 1,338.35 after trading involving 1,337.03 and 1,349.91. Volume was 15.934 billion shares worth 56.111 billion baht. You will find 1,020 decliners and 454 gainers, together with 326 stocks finishing unchanged.
One of the actives, Advanced Info added 0.54 percentage, while Thailand Airport skidded 1.36 percent, Asset World shed 0.50 percent, Bangkok Bank plunged 3.85 percent, BTS Group advanced 0.95 percent, Charoen Pokphand Foods spiked 2.27 percent, Kasikornbank tanked 3.21 percent, Krung Thai Bank dropped 0.99 percent, PTT Exploration and Production tumbled 1.61 percent, PTT Global Chemical retreated 3.09 percent, Siam Commercial Bank declined 2.47 percent, Siam Concrete rose 0.26 percent, TMB Bank surrendered 2.94 percent and PTT, Bangkok Dusit Medical and Bangkok Expressway were unchanged.
The lead from Wall Street is positive as stocks opened higher on Wednesday and picked up steam as the day progressed.
The Dow added 160.29 points or 0.61 percent to finish at 26,539.57, while the NASDAQ spiked 140.85 points or 1.35 percent to end at 10,542.94 and the S&P 500 rose 40.00 points or 1.24 percent to close at 3,258.44.
Early buying interest was partly generated by the latest batch of earnings news, with a number of big-name companies reporting better than expected quarterly results including Advanced Micro Devices (AMD) and C. ) H. Robinson (CHRW).
The strength on Wall Street also reflected a report from the National Association of Realtors showing another significant increase in pending home sales in June.
Stocks saw continued strength after the Federal Reserve announced its widely expected decision to leave interest rates at near-zero levels amid the economic hardship imposed by the coronavirus pandemic.
Crude oil prices moved higher on Wednesday after data showed a larger than expected decline in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for September ended up $0.23 or 0.6 percentage at $41.27 a barrel.
The views along with opinions expressed herein are also the perspectives and opinions of the author and don’t necessarily reflect those of Nasdaq, Inc.
