(RTTNews) – The Thai inventory market has alternated between constructive and unfavourable finishes by means of the final six buying and selling days for the reason that finish of the two-day slide through which it had tumbled virtually 40 factors or 3.2 p.c. The Inventory Change of Thailand now sits simply above the 1,175-point plateau and it figures to see continued consolidation on Tuesday.
The worldwide forecast for the Asian markets is broadly unfavourable on recession fears and considerations over the well being of the world financial system. The European and U.S. markets completed sharply decrease and the Asian bourses are anticipated to open beneath stress as effectively.
The SET completed sharply decrease on Monday following losses among the many meals, shopper, monetary, industrial, property, useful resource, companies and know-how sectors.
For the day, the index tumbled 24.59 factors or 2.05 p.c to complete on the each day low of 1,177.44 after buying and selling as excessive as 1,196.52. Quantity was 8.104 billion shares price 34.290 billion baht. There have been 376 decliners and 127 gainers, with 164 shares ending unchanged.
Among the many actives, Superior Information surrendered 2.19 p.c, whereas Thailand Airport weakened 3.73 p.c, Asset World tumbled 2.01 p.c, Banpu declined 2.70 p.c, Bangkok Financial institution retreated 1.34 p.c, Bangkok Dusit Medical misplaced 2.98 p.c, Bangkok Expressway fell 1.63 p.c, B. Grimm cratered 6.45 p.c, BTS Group slid 1.67 p.c, CP All Public skidded 2.88 p.c, Vitality Absolute rallied 1.65 p.c, Gulf shed 0.51 p.c, Krung Thai Card stumbled 1.58 p.c, PTT Oil & Retail sank 3.57 p.c, PTT crashed 5.04 p.c, PTT Exploration and Manufacturing jumped 1.40 p.c, PTT World Chemical tanked 2.35 p.c, SCG Packaging plunged 3.38 p.c, Siam Industrial Financial institution superior 0.82 p.c, Siam Concrete plummeted 4.28 p.c, Thai Oil slumped 1.78 p.c, True Company dropped 0.91 p.c, TTB Financial institution collected 0.53 p.c and Charoen Pokphand Meals, Kasikornbank and Krung Thai Financial institution had been unchanged.
The lead from Wall Avenue suggests continued consolidation as the key averages opened decrease on Monday and continued to weaken because the day progressed.
The Dow plummeted 890.01 factors or 2.08 p.c to complete at 41,911.71, whereas the NASDAQ crashed 727.90 factors or 4.00 p.c to shut at 17,468.32 and the S&P 500 stumbled 155.64 factors or 2.70 p.c to finish at 5,614.56.
The weak spot on Wall Avenue got here amidst rising considerations in regards to the outlook for financial progress and company earnings after U.S. President Donald Trump declined to rule out the opportunity of a recession following his tariff actions on Mexico, Canada and China.
With a slew of essential financial information due later within the week, the temper available in the market is extraordinarily cautious. On faucet are stories on shopper and producer value inflation, in addition to readings on shopper sentiment and inflation expectations.
Oil costs fell to six-month lows on Monday as worries about world financial progress and fears of a U.S. recession fueled demand considerations. West Texas Intermediate Crude oil futures settled decrease by $1.01 or 1.5 p.c at $66.03 a barrel, the bottom settlement since September 10, 2024.
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