Thai Shares Tipped To Bounce Higher Again On Monday
RTTNews The Thai stock market on Friday snapped the modest two-day winning streak in which it had risen just 2 points or 0.16 percent. The Stock Exchange of Thailand now sits just beneath the 1,550-point plateau although it's likely to see renewed support on Monday.
The global forecast for the Asian markets is cautiously optimistic, with bargain hunting expected to support the more oversold bourses. The European and U.S. markets were up and the Asian markets figure to open in similar fashion.
The SET finished slightly lower as losses from the energy, industrial, service and technology stocks were offset by support from the packaging, food and financial shares.
For the day, the index fell 3.19 points or 0.21 percent to finish at 1,547.17 after trading between 1,546.91 and 1,554.50. Volume was 8.822 billion shares worth 34.723 billion baht. There were 218 gainers and 215 decliners, with 207 stocks finishing unchanged.
