Thai stock market halts three-day losing streak

by Jonathan Adams
Thai stock market

The Stock Exchange of Thailand finished higher on Tuesday as energy producers were higher

The Thai stock market on Tuesday halted the three-day losing streak in which it had dropped more than 35 points or 2.3 percent. The Stock Exchange of Thailand (SET) now sits just above the 1,520-point plateau and it may see additional support on Wednesday.

The global forecast for the Asian markets is upbeat on hopes for improved coronavirus vaccine rollout and additional stimulus. The European markets were down and the U.S. bourses were up and the Asian markets are tipped to follow the latter lead.

The SET finished modestly higher on Tuesday as the energy producers were mostly higher and the financials came in mixed.

For the day, the index climbed 12.46 points or 0.82 percent to finish at 1,522.59 after trading between 1,518.66 and 1,529.17. Volume was 25.103 billion shares worth 87.641 billion baht. There were 828 gainers and 664 decliners, with 437 stocks finishing unchanged.

Among the actives, Thailand Airport added 0.41 percent, while Asset World shed 0.41 percent, Bangkok Asset Management dropped 0.92 percent, Bangkok Dusit Medical gained 0.47 percent, Bangkok Expressway lost 0.60 percent, BTS Group rallied 2.08 percent, Gulf climbed 1.43 percent, Kasikornbank fell 0.43 percent, PTT plunged 3.53 percent, PTT Exploration and Production jumped 1.80 percent, PTT Global Chemical soared 3.25 percent, Siam Commercial Bank collected 0.83 percent, Siam Concrete rose 0.26 percent, TMB Bank advanced 0.86 percent and Krung Thai Bank, Charoen Pokphand Foods, Advanced Info and Bangkok Bank were unchanged.

The lead from Wall Street is positive as stocks opened higher on Tuesday and remained in the green throughout the session, butting into last week’s losses.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
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