Thailand stock market set to extend gains on Monday


(RTTNews) – Thailand’s stock market rebounded again on Friday, a day after snapping the three-day winning streak in which it had accumulated more than 20 points or 1.2%. Thailand’s stock market is now just above the 1,700-point plateau and could add to its gains on Monday.

Global forecasts for Asian markets suggest an uptick on upbeat US jobs data and falling crude oil prices. European and US markets were slightly higher and Asian exchanges should follow suit.

The SET ended slightly higher on Friday after gains from financials and a mixed picture from energy producers.

For the day, the index rose 6.07 points or 0.36% to end at 1,701.31 after trading between 1,690.70 and 1,701.99. The volume was 23.984 billion shares worth 68.941 billion baht. There were 962 declines and 686 gains, with 633 stocks remaining unchanged.

Among assets, Advanced Info climbed 1.29%, while Thailand Airport and CP All Public both added 0.38%, Asset World fell 1.96%, Banpu rose 0.91%, Bangkok Bank received 0.36%, Bangkok Expressway lost 0.57%, BTS Group lost 0.54%. , B. Grimm plunged 3.55%, Charoen Pokphand Foods gained 0.41%, Energy Absolute fell 0.26%, Kasikornbank improved 0.93%, Krung Thai Bank rose 0 .72%, Krung Thai Card and SCG Packaging were both down 0.41%, PTT was up 0.65%, PTT Exploration and Production was up 1.39%, PTT Global Chemical was down 1.48%, Siam Commercial Bank soared 6.14% and Siam Concrete, True Corporation, TTB Bank, Bangkok Dusit Medical, Gulf, IRPC and PTT Oil & Retail all remained unchanged.

Wall Street’s lead is proving positive as a late rally pushed major averages into the green late in Friday’s session after a slow start.

The Dow Jones jumped 139.92 points or 0.40% to end at 34,818.27, while the NASDAQ added 40.98 points or 0.29% to close at 14,261.50 and the S&P 500 added rose by 15.45 points or 0.34% to end at 4,545.86. For the week, the Dow Jones fell 0.1%, the NASDAQ gained 0.7% and the S&P rose 0.1%.

The choppy trading on Wall Street came as traders expressed some uncertainty about the outlook for the markets after the major averages saw their first negative quarter since the first quarter of 2020.

In the first three months of 2022, the NASDAQ fell 9.1% and the S&P 500 and Dow plunged 4.9% and 4.6% respectively, although the major averages regained ground in March .

Traders were also digesting the Labor Department’s closely watched monthly jobs report, which showed employment rose less than expected in March, but the jobless rate still fell to a new pandemic-era low. .

Crude oil prices fell on Friday, extending their decline from the previous session as members of the International Energy Agency agreed to release oil from the strategic reserve to stabilize global energy markets. West Texas Intermediate crude oil futures for May ended down $1.01 or 1% at $99.27 a barrel. WTI crude futures lost almost 13% during the week, posting the biggest weekly loss in two years.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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