Lower Open Anticipated For Thai Stock Market

The Thai stock market on Monday snapped the three-day winning streak in which it had gathered almost 30 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,380-point plateau and it may open in the red again on Tuesday.

The global forecast for the Asian markets is mixed to lower ahead of inflation data that may affect the outlook for interest rates. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit.

The SET finished modestly lower on Monday following losses from the finance, property, resource, service and technology sectors.

For the day, the index shed 6.19 points or 0.45 percent to finish at 1,380.23 after trading between 1,379.72 and 1,387.61. Volume was 13.413 billion shares worth 33.551 billion baht. There were 243 decliners and 216 gainers, with 196 stocks finishing unchanged.

Among the actives, Thailand Airport slumped 1.50 percent, while Asset World skidded 1.04 percent, Banpu dropped 0.86 percent, Bangkok Bank tanked 2.82 percent, Bangkok Dusit Medical advanced 0.86 percent, Bangkok Expressway improved 0.62 percent, B. Grimm soared 2.63 percent, BTS Group increased 0.98 percent, CP All Public stumbled 1.73 percent, Charoen Pokphand Foods rallied 2.73 percent, Gulf and PTT Oil & Retail both gained 0.56 percent, Kasikornbank retreated 1.21 percent, Krung Thai Bank declined 1.25 percent, Krung Thai Card climbed 1.13 percent, PTT sank 0.74 percent, PTT Exploration and Production plunged 2.30 percent, SCG Packaging jumped 1.77 percent, Siam Commercial Bank shed 0.44 percent, Thai Oil tumbled 1.74 percent, True Corporation added 0.67 percent and TTB Bank, PTT Global Chemical, Siam Concrete, Advanced Info and Energy Absolute were unchanged.

The lead from Wall Street is uninspired as the major averages opened lower on Monday and largely stayed that way, although the Dow snuck barely above the line late in the day to finish slightly higher.

The Dow added 46.97 points or 0.12 percent to…