(RTTNews) – The Thai inventory market moved decrease once more on Monday, one session after halting the two-day slide wherein it had stumbled virtually 30 factors or 2.2 %. The Inventory Alternate of Thailand now sits simply beneath the 1,355-point plateau and it could discover renewed assist on Tuesday.
The worldwide forecast for the Asian markets is murky, with assist from the oil firms probably offset by weak point from the know-how shares. The European markets had been down and the U.S. bourses had been principally increased and the Asian markets determine to separate the distinction.
The SET completed sharply decrease on Monday following losses from the meals, shopper, property, service and know-how sectors, whereas the financials provided assist.
For the day, the index dropped 13.65 factors or 1.00 % to complete at 1,354.34 after buying and selling between 1,349.02 and 1,362.14. Quantity was 9.462 billion shares value 43.022 billion baht. There have been 342 decliners and 146 gainers, with 178 shares ending unchanged.
Among the many actives, Superior Information fell 0.35 %, whereas Thailand Airport plummeted 3.00 %, Asset World plunged 3.66 %, Banpu surged 4.81 %, Bangkok Financial institution jumped 1.64 %, Bangkok Dusit Medical elevated 0.84 %, Bangkok Expressway misplaced 2.14 %, B. Grimm declined 1.16 %, BTS Group gained 1.69 %, CP All Public tumbled 1.80 %, Charoen Pokphand Meals retreated 1.36 %, Vitality Absolute cratered 10 %, Gulf shed 0.85 %, Kasikornbank strengthened 1.57 %, Krung Thai Financial institution collected 1.38 %, Krung Thai Card dropped 0.99 %, PTT Exploration and Manufacturing spiked 2.01 %, PTT International Chemical sank 0.87 %, SCG Packaging climbed 1.13 %, Siam Business Financial institution improved 1.68 %, Siam Concrete stumbled 1.62 %, Thai Oil accelerated 2.00 %, True Company slumped 1.79 %, TTB Financial institution rallied 2.22 % and PTT Oil & Retail and PTT had been unchanged.
The lead from Wall Road is combined to increased as the key averages opened on reverse sides of the unchanged line on Monday and completed in the identical method.
The Dow rallied 359.95 factors or 0.86 % to complete at 42,298.40, whereas the NASDAQ slumped 74.01 factors or 0.39 % to shut at 19,087.62 and the S&P 500 rose 8.27 factors or 0.14 % to finish at 5,835.31.
Weak point within the tech sector weighed on Wall Road early within the session, as AI darling and market chief Nvidia (NVDA) plunged by as a lot as 4.7 %.
Ongoing considerations in regards to the outlook for rates of interest additionally generated damaging sentiment following final Friday’s stronger-than-expected month-to-month jobs report.
Promoting stress waned over the course of the buying and selling session, nonetheless, main some merchants to select up shares at diminished ranges because the S&P 500 rebounded from its lowest intraday stage in over two months.
Oil costs rose sharply to a five-month excessive on Monday amid potential provide dangers after the U.S. imposed sweeping sanctions on Russia’s oil exports, whereas a stronger greenback additionally weighed. West Texas Intermediate Crude oil futures for February closed up $2.25 or almost 3 % at $78.82 a barrel.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
