(RTTNews) – Thailand’s stock market posted two straight declines, sliding more than a dozen factors or 0.8 percent. The Thai stock market is now sitting nicely above the 1340 plateau, although it could further end the bleeding on Monday.
The global outlook for Asian markets is clear on the improved outlook for hobby spending. European and American markets were solidly higher, and Asian bourses are expected to follow suit.
The SET was modestly lower on Friday after losses in the Meals , Certain , Financials , Industrials , Real Estate , Convenient Resources , Carriers and Technology sectors .
For the day, the index sank by 11.93 factors or 0.88 percent on production at 1340.63 after buying and selling between 1338.84 and 1356.33. The volume used to be 8.292 billion shares worth 37.576 billion baht. 359 stocks declined and 128 gained while 181 stocks ended unchanged.
Among the many actives, Evolved Info fell 2.07pc, while Asset World declined 1.26pc, Banpu fell 1.92pc, Bangkok Monetary institution fell 0.66pc, Bangkok Dusit Medical fell by 0.84pc, Bangkok Parkway down 1.46pc, B. Grimm tanked 3.97pc, BTS Neighborhood cratered 4.31 pc, CP All Public shed 0.89pc, Charoen Pokphand Meals added 0.45pc, Vitality Absolute tumbled 10.76pc, Gulf weakened 1.65pc, Kasikornbank fell 0.31pc, Krung Thai Monetary institution fell 1.34pc, PTT Oil & Retail fell 0.83pc, PTT fell 0.81pc, PTT Exploration and Production was down 0.38pc, PTT Global Chemical fell 4.87pc, SCG Packaging plummeted 5.68pc, Siam Commercial Monetary Institution lost 0.41pc, Thai Oil surrendered 2.75pc , Ravishing Corporation advanced 0.82pc, TTB Monetary institution fell 0.55pc, and Krung Thai Card, Siam Concrete and Thailand Airport were unchanged.
Wall Avenue executives are broadly bullish as the major averages started solidly higher on Friday and stayed at some level of the day’s buying and selling, ending at session highs.
The Dow jumped 334.73 factors, or 0.78 percent, on production to 43,487.83, while the NASDAQ gained 291.90 factors, or 1.51 percent, to close at 19,630.20, and the S&P 500 advanced to 59.30 factor or 1.00 percent to a total of 5,996.66.
For the week, the Dow jumped 3.7 percent, the S&P 2.9 percent and the NASDAQ 2.5 percent.
Stocks benefited from the latest drop in Treasury yields, while the yield on the benchmark 10-year track recovered from an early rally to total the day about flat. The latest retreat in Treasury yields came as U.S. inflation data released over the past few days led to renewed optimism about the outlook for hobby levies.
Adding to the optimism in hobby prices, Federal Reserve Governor Christopher Waller advised CNBC that the central financial institution could cut hobby costs further this year if inflation moderates as he anticipates.
Crude oil costs confirmed a significant pullback to the downside on Friday, extending the nevertheless challenging pullback seen in the outdated session. West Texas Intermediate for early February was down $0.80, or 1pc, at $77.88 a barrel on Friday; for a week, false rose about 1 pc
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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