The Thai stock market is expected to increase its gains on Monday


(RTTNews) – The Thai stock market has finished higher in consecutive sessions, collecting more than a dozen points or 0.7% along the way. Thailand’s stock market is now just below the 1,640 plateau and is expected to extend its gains on Monday.

The global forecast for Asian markets is upbeat and easing concerns about the interest rate outlook, with tech stocks expected to lead higher. European and American markets were up and Asian exchanges are expected to open similarly.

The SET ended slightly higher on Friday after gains in financial stocks and energy producers.

For the day, the index gained 5.02 points or 0.31% to end at 1,638.75 after trading between 1,632.66 and 1,646.37. The volume was 22.706 billion shares worth 66.000 billion baht. There were 876 declines and 865 gains, with 607 stocks remaining unchanged.

Among assets, Advanced Info was down 1.80%, while Thailand Airport slipped 1.08%, Banpu fell 0.82%, Bangkok Bank was down 1.17%, Bangkok Dusit Medical fell 1.92%, Energy Absolute rose 0.85%, Gulf gained 0.53%, IRPC rose 1.20%. , Kasikornbank climbed 1.38%, Krung Thai Bank and PTT both strengthened 1.35%, Krung Thai Card rose 0.41%, PTT Exploration and Production climbed 3.44%, PTT Global Chemical gained 1.06%, Siam Commercial Bank gained 1.37%, Siam Concrete rose 0.27%. %, TTB Bank accelerated by 1.61% and Charoen Pokphand Foods and PTT Oil & Retail remained unchanged.

Wall Street’s advance is broadly positive as major averages opened solidly higher on Friday and gained momentum as the day progressed, ending sharply higher.

The Dow Jones jumped 575.76 points or 1.76% to end at 33,212.96, while the NASDAQ jumped 390.43 points or 3.33% to end at 12,131.13 and the S&P 500 jumped 100.40 points or 2.47% to close at 4,158.24.

For the week, the Dow Jones climbed 6.2%, the NASDAQ rose 6.8% and the S&P gained 6.6%.

Wall Street’s continued strength follows a report from the Commerce Department showing a slowdown in the pace of growth in core consumer prices in April. The data contributed to optimism that the Fed will slow the pace of monetary policy tightening in the second half of the year.

Crude oil prices rose on Friday amid rising hopes for increased fuel demand during the summer season and the prospect of an EU ban on Russian oil. West Texas Intermediate crude oil futures for July ended up $0.98 or 0.9% at $115.07 a barrel.

Closer to home, Thailand will release April industrial production figures later today on Monday. Industrial production is expected to rise 1.6% year on year after falling 0.1% in March.

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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