Thai Bourse: Strong Support Expected At 1,200 Points

(RTTNews) - The Thai stock market has moved lower in back-to-back trading days, sinking more than 7 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,200-point plateau although it's expected to stop the bleeding on Friday.

The global forecast for the Asian markets suggests mild upside, with earnings optimism tempered by worsening coronavirus. The European markets were mixed and the U.S. markets were up and the Asian markets figure to split the difference.

The SET finished modestly lower on Thursday following mixed performances from the financial shares and energy producers.

For the day, the index dipped 6.30 points or 0.52 percent to finish at 1,201.64 after trading between 1,195.99 and 1,206.84. Volume was 20.326 billion shares worth 50.838 billion baht. There were 896 decliners and 538 gainers, with 461 stocks finishing unchanged.

Among the actives, Advanced Info gained 0.87 percent, while Thailand Airport plunged 3.30 percent, Asset World climbed 1.39 percent, Bangkok Bank jumped 1.82 percent, Bangkok Dusit Medical and BTS Group both shed 0.56 percent, Kasikornbank rallied 2.00 percent, Krung Thai Bank spiked 1.74 percent, PTT skidded 1.59 percent, PTT Exploration and Production rose 0.64 percent, PTT Global Chemical lost 0.62 percent, Siam Commercial Bank collected 0.76 percent, Siam Concrete rose 0.29 percent, TMB Bank advanced 1.22 percent and Bangkok Expressway and Charoen Pokphand Foods were unchanged.
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