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Thai stock market expected to post losing streak

(RTTNews) – Thailand’s stock market has fallen in three consecutive sessions, losing more than 15 points or 1% along the way. Thailand’s stock market is now just above the 1,645 plateau, although it may find some ground on Tuesday.

The overall forecast for Asian markets suggests slight support thanks to bargain hunting and supported by crude oil prices. European and US markets were slightly higher and Asian exchanges are expected to open similarly.

The SET ended slightly lower on Monday following losses in financial stocks and energy producers.

For the day, the index lost 1.59 points or 0.10% to end at 1,646.08 after trading between 1,636.08 and 1,652.11. The volume was 18.680 billion shares worth 58.372 billion baht. There were 1,242 declines and 552 gains, with 445 stocks remaining unchanged.

Among assets, Advanced Info fell 1.38%, while Thailand Airport gained 0.36%, Banpu jumped 2.38%, Bangkok Bank lost 0.77%, Bangkok Dusit Medical gained 0. .97%, B. Grimm fell 2.11%, Gulf fell 0.52%, IRPC rose 1.16%. percent, Kasikornbank lost 0.68 percent, Krung Thai Bank jumped 4.67 percent, PTT rose 0.66 percent, PTT Exploration and Production climbed 1.20 percent, PTT Global Chemical fell 0.52 percent, Siam Commercial Bank fell 0.45 percent, TTB Bank fell 0.81 percent and Charoen Pokphand Foods, Krung Thai Card, Energy Absolute, PTT Oil & Retail and CP All Audience remained unchanged.

Wall Street’s lead ended up being positive as major averages opened sharply higher on Monday but faded throughout the session, although they still managed to end with small gains.

The Dow Jones added 16.08 points or 0.05% to end at 32,915.78, while the NASDAQ gained 48.64 points or 0.40% to close at 12,061.37 and the S&P 500 rose by 12.89 points or 0.31% to end at 4,121.43.

Initial strength on Wall Street came as traders recovered stocks to reduced levels after last Friday’s sharp pullback.

Strength in overseas markets spilled over to Wall Street amid reports of a possible reduction in U.S. tariffs on Chinese goods.

But traders may be reluctant to go long ahead of consumer price inflation data due out later in the week. The numbers will be in the spotlight as traders focus on the Federal Reserve’s monetary policy tightening.

Crude oil futures pared early gains and stabilized on Monday after Saudi Arabia significantly raised crude prices for July. West Texas Intermediate crude oil futures for July ended down $0.37 or 0.3% at $118.50 after climbing to $121 a barrel earlier in the session.

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