Thai Stock Market Expected To Be Rangebound On Monday

(RTTNews) - The Thai stock market moved higher again on Friday, one day after it had ended the three-day winning streak in which it had gathered more than 40 points or 3 percent. The Stock Exchange of Thailand now rests just above the 1,340-point plateau and it's expected to hold steady in that neighborhood again on Monday.

The global forecast for the Asian markets is mildly positive, largely on optimism over trade. The European markets were down and the U.S. markets were mostly higher and the Asian bourses are tipped to follow the latter lead.

The SET finished modestly higher on Friday following gains from the technology and cement stocks, while the financials were mixed and the energy producers were soft.

For the day, the index rose 5.34 points or 0.40 percent to finish at 1,342.85 after trading between 1,323.12 and 1,342.88. Volume was 19.118 billion shares worth 96.186 billion baht. There were 804 decliners and 512 gainer, with 356 stocks finishing unchanged.

Among the actives, Advanced Info jumped 1.58 percent, while Thailand Airport climbed 1.22 percent, Asset World shed 0.84 percent, Banpu plummeted 11.35 percent, Bangkok Bank lost 0.46 percent, Bangkok Dusit Medical soared 3.21 percent, Charoen Pokphand Foods gathered 1.61 percent, Krung Thai Bank dropped 0.95 percent, PTT Exploration and Production fell 0.30 percent, Siam Commercial Bank skidded 1.00 percent, Siam Concrete accelerated 3.00 percent, TMB Bank gained 0.88 percent and PTT, PTT Global Chemical, Kasikornbank, Bangkok Expressway and BTS Group all were unchanged.
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