Thailand’s stock market to open under pressure

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The stock market of Thailand has been trading lower in recent days, sliding 15 points or one percent. The Stock Exchange of Thailand (SET) settled just under the 1,430 point mark, and is due more damage on Monday.

The forecast for Asian markets is also negative after the Florida mass shooting over the weekend that left fifty people dead. The US and European markets were also down on Friday, and the Asian markets are seemingly following their lead.

The SET finished lower on Friday as financials and energy producers were mostly in the red.

On Friday, the index fell by 0.45 percent to finish at 1,429.21. There were 714 decliners and 365 gainers, with 363 stocks finishing the day unchanged.

Among the most active, AIS fell by 0.31 percent, while Banpu (coal) climbed 0.83 percent, with Bangkok Bank unchanged, Kasikorn Bank falling 0.59 percent, PTT gaining 0.41 percent, Siam Commercial Bank falling 1.09 percent and Siam Concrete unchanged.

Wall Street’s lead was soft as stocks generally fell on Friday adding to losses from the previous session. The Down fell 119.84 points (0.7 percent) to 17,865.34 while the NASDAQ fell 64.07 points (1.3 percent) to 4,894.55, and the S&P 500 fell 19.41 points (0.9 percent) to 2,096.07. For the full week, the Dow rose 0.3 percent, the S&P slid 0.1 percent and the NASDAQ fell by 1 percent.

SOURCE: RTT News.com.

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