(RTTNews) – The Thai inventory market has moved decrease in 4 straight periods, dipping virtually 15 factors or 1 p.c alongside the best way. The Inventory Alternate of Thailand now sits simply beneath the 1,450-point plateau though it is due for assist on Tuesday.
The worldwide forecast for the Asian markets is murky because of a much less clear outlook for rates of interest. The European markets have been down and the U.S. bourses have been barely increased and the Asian markets determine to separate the distinction.
The SET completed barely decrease on Monday as losses from the buyer, industrial, service and know-how sectors have been mitigated by assist among the many useful resource, property and finance firms.
For the day, the index eased 1.32 factors or 0.09 p.c to complete at 1,448.83 after buying and selling between 1,444.11 and 1,453.54. Quantity was 9.637 billion shares price 52.891 billion baht. There have been 248 decliners and 230 gainers, with 184 shares ending unchanged.
Among the many actives, Asset World gained 0.53 p.c, whereas Banpu jumped 1.44 p.c, Bangkok Financial institution and Kasikornbank each collected 0.33 p.c, Bangkok Dusit Medical shed 0.83 p.c, Bangkok Expressway was up 1.24 p.c, B. Grimm climbed 1.27 p.c, CP All Public slumped 1.13 p.c, Charoen Pokphand Meals added 0.42 p.c, Power Absolute plummeted 3.24 p.c, Gulf improved 0.88 p.c, Krung Thai Card soared 2.63 p.c, PTT Oil & Retail strengthened 1.15 p.c, PTT elevated 0.74 p.c, PTT Exploration and Manufacturing misplaced 0.76 p.c, PTT International Chemical tanked 2.44 p.c, SCG Packaging tumbled 1.69 p.c, Siam Industrial Financial institution dropped 0.91 p.c, Siam Concrete sank 0.82 p.c, Thai Oil accelerated 0.99 p.c, True Company superior 0.90 p.c, TTB Financial institution rallied 1.55 p.c and Krung Thai Financial institution, Superior Data, Thailand Airport and BTS Group have been unchanged.
The lead from Wall Road is cautiously optimistic as the key averages opened flat on Monday and hugged the road all through a lot of the session earlier than a late rally nudged them into the inexperienced on the shut.
The Dow added 17.15 factors or 0.04 p.c to complete at a report 42,330.15, whereas the NASDAQ gained 69.58 factors or 0.38 p.c to shut at 18,189.17 and the S&P 500 rose 24.31 factors or 0.42 p.c to finish at a report 5,762.48.
Shares initially got here beneath stress in response to remarks by Federal Reserve Chair Jerome Powell, who instructed the central financial institution will proceed to decrease rates of interest however burdened the downward path for charges isn’t on a preset course.
Powell’s remarks partly offset optimism the Fed will proceed to decrease rates of interest aggressively within the coming months.
The Fed’s subsequent financial coverage assembly is scheduled for November 6-7, with CME Group’s FedWatch Software presently indicating a 65.3 p.c likelihood the central financial institution will decrease charges by 25 foundation factors and a 34.7 p.c likelihood of one other 50-basis level fee reduce.
Oil futures settled flat on Monday as uncertainty in regards to the outlook for oil demand from China weighed on costs. West Texas Intermediate Crude oil futures for November ended down $0.01 at $68.17 a barrel.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
