Win Streak May Continue For Thai Stock Market

(RTTNews) - The Thai stock market has moved higher in two straight sessions, collecting almost 25 points or 1.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,590-point plateau and may tick higher again on Friday.

The global forecast for the Asian markets is cautiously optimistic, supported by bargain hunting and crude oil prices. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The SET finished barely higher on Thursday as gains from the energy producers were offset by weakness from the financial sector.

For the day, the index rose 1.03 points or 0.06 percent to finish at 1,591.84 after trading between 1,580.08 and 1,592.00. Volume was 24.101 billion shares worth 67.069 billion baht. There were 1,010 decliners and 549 gainers, with 611 stocks finishing unchanged.

Among the actives, Advanced Info added 0.47 percent, while Thailand Airport sank 0.83 percent, Bangkok Bank dropped 0.87 percent, Bangkok Dusit Medical rallied 2.22 percent, Bangkok Expressway shed 0.60 percent, BTS Group lost 0.54 percent, CP All Public fell 0.42 percent, Charoen Pokphand Foods declined 0.84 percent, Energy Absolute jumped 1.87 percent, IRPC climbed 1.05 percent, Kasikornbank retreated 0.74 percent, Krung Thai Bank collected 0.86 percent, Krung Thai Card advanced 0.93 percent, PTT Oil & Retail improved 1.00 percent, PTT perked 1.36 percent, PTT Global Chemical gained 0.44 percent, SCG Packaging gathered 0.80 percent, Siam Commercial Bank surrendered 1.59 percentA, Siam Concrete was down 0.80 percent, Tue Corporation tumbled 0.87 percent and TTB Bank, Gulf and PTT Exploration and Production were unchanged.
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