The Thai stock market can also break the 1400 point mark

(RTTNews) – Thailand’s stock market snapped a 2-day rally on Friday, falling more than 20 points, or 1.5 percent. The Stock Change of Thailand is now just below the 1,385 plateau and is expected to rise again on Monday.

Global forecasts for Asian markets are optimistic, with a strengthening expected mainly due to know-how and oil stocks. European markets fell, while US stocks rose, with Asian markets expected to challenge the latter’s advantage.

The SET rose modestly on Friday as strengths in cash, utilities and knowledge companies were offset by weakness in the food, industrials and real estate sectors.

On the day, the index added 4.91 points, or 0.36 percent, to 1,384.76 after trading between 1,383.28 and 1,390.27. Volume changed to one-time 7.328 billion shares worth 29.719 billion baht. 251 stocks declined and 208 gained while 211 stocks ended unchanged.

Among actives, Thailand Airport sank 0.84 percent, while Asset World fell 1.14 percent, Banpu declined 1.67 percent, Bangkok Bank gained 0.33 percent, B. Grimm declined 1, 04 percent, BTS Neighborhood fell 1.63 percent, CP All Public climbed 0.90 percent, Charoen Pokphand Meals fell 0.43 percent, Vitality Absolute fell 2.94 percent, Gulf gained 1.32 percent, Kasikornbank slipped 0.32 percent, Krung Thai Bank gained 2.38 percent, PTT improved by 0.99 percent, PTT Exploration and Production lost 0.40 percent, PTT International Chemical fell 0.97 percent, Siam Developed Commercial Bank 0.85 percent, Siam Concrete slipped 1.19 percent, Thai Oil tumbled 5.36 percent, Right Corporation rose 3.57 percent, TTB Bank, Krung Thai Card, SCG Packaging, Evolved Data, PTT Oil & Retail, Bangkok Dusit Scientific and Bangkok Parkway, however, remained unchanged.

Wall Aspect management is bullish as the dominant averages opened higher on Friday and remained flat throughout the day, ending the previous session’s highs.

The Dow jumped 339.83 points, or 0.80 percent, to 42,732.13, while the NASDAQ gained 340.88 points, or 1.77 percent, to end at 19,621.68 and the S&P 500 climbed 73 .92 points or 1.26 percent and ended at 5,942.47.

In the week interrupted by the surge, the Dow slipped 0.6 percent, while the NASDAQ and S&P 500 fell 0.5 percent.

The strength on the Wall Aspect Road came as traders looked to acquire the stock at relatively lower levels following a new weak point. Some traders stayed away from their desks even after the New Year holiday on Wednesday.

In U.S. financial news, the Institute for Providence Administration said manufacturing jobs fell in December due to slower pay.

Oil prices rose on Friday on optimism over the outlook quizzing fresh record data showing a drop in U.S. crude inventories. February West Texas Intermediate Outrageous futures settled up $0.83, or 1.13 percent, at $73.96 a barrel.

The views and opinions expressed herein are those of the creator and Fetch does not necessarily reflect the views and opinions of Nasdaq, Inc.