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Thai Stock Market Likely To Give Up Support At 1,600 Points

(RTTNews) - The Thai stock market has moved lower in back-to-back trading days, sinking almost 40 points or 2.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,610-point plateau and it's expected to extend its losses again on Monday.

The global forecast for the Asian markets is broadly negative on fears of lockdown measures following the rapid spread of a new COVID variant. The European and U.S. markets were sharply lower and the Asian bourses figure to open in similar fashion.

The SET finished sharply lower on Friday following losses from the financial shares and energy producers.

For the day, the index tumbled 37.85 points or 2.30 percent to finish at 1,610.61 after trading between 1,608.55 and 1,640.91. Volume was 38.132 billion shares worth 123.472 billion baht. There were 1,823 decliners and 377 gainers, with 182 stocks finishing unchanged.

Among the actives, Advanced Info shed 2.38 percent, while Thailand Airport tanked 5.62 percent, Bangkok Bank tumbled 3.19 percent, Bangkok Dusit Medical fell 1.28 percent, Bangkok Expressway surrendered 2.84 percent, BTS Group declined 2.59 percent, CP All Public retreated 2.44 percent, Charoen Pokphand Foods slid 1.20 percent, Gulf skidded 2.40 percent, IRPC sank 2.48 percent, Kasikornbank dropped 3.06 percent, Krung Thai Bank lost 2.54 percent, Krung Thai Card slumped 2.60 percent, PTT Oil & Retail stumbled 1.92 percent, PTT weakened 1.99 percent, PTT Exploration and Production eased 1.27 percent, PTT Global Chemical cratered 2.92 percent, SCG Packaging dipped 1.56 percent, Siam Commercial Bank plunged 2.68 percent, Siam Concrete was down 1.53 percent, Sri Trang Agro surged 3.31 percent, Sri Trang Gloves skyrocketed 9.82 percent, True Corporation softened 1.27 percent and TTB Bank plummeted 2.40 percent.
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