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Little Movement Expected For Thai Stock Market

(RTTNews) - The Thai stock market has finished lower in back-to-back sessions, sliding more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,325-point plateau and it's likely to see a narrow trading range again on Monday.

The global forecast for the Asian markets remains mired in uncertainty, balancing better than expected economic data, tumbling crude oil prices and continued uncertainty over stimulus. The European and U.S. markets were slightly higher and the Asian markets now look to open roughly flat.

The SET finished modestly lower on Friday as the financial shares and energy producers ended mostly in the red.

For the day, the index shed 8.82 points or 0.66 percent to finish at 1,324.40 after trading between 1,321.16 and 1,333.21. Volume was 17.318 billion shares worth 44.367 billion baht. There were 968 decliners and 421 gainers, with 372 stocks finishing unchanged.

Among the actives, Advanced Info fell 0.26 percent, while Thailand Airport tumbled 1.51 percent, Asset World dropped 1.01 percent, Bangkok Dusit Medical retreated 1.42 percent, Bangkok Expressway skidded 1.13 percent, BTS Group declined 1.94 percent, Charoen Pokphand Foods surrendered 1.52 percent, Kasikornbank shed 0.30 percent, Krung Thai Bank collected 0.51 percent, PTT sank 1.29 percent, PTT Exploration and Production perked 1.08 percent, PTT Global Chemical plunged 3.41 percent, Siam Concrete lost 0.53 percent, TMB Bank was down 1.05 percent and Bangkok Bank and Siam Commercial Bank were unchanged.
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