Thai Shares To Open To The Downside On Tuesday

The Thai stock market has finished lower in six straight sessions, slipping more than 40 points or 2.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau and it’s tipped to open lower again on Tuesday.

The global forecast for the Asian markets suggests mild consolidation ahead of key data later this week that could affect the outlook for interest rates. The European markets were mixed and flat and the U.S. bourses were slightly lower and the Asian markets figure to split the difference.

The SET finished modestly lower on Monday following losses from the food, industrial, property, services and technology sectors.

For the day, the index slipped 4.83 points or 0.35 percent to finish at 1,362.59 after trading between 1,362.05 and 1,372.01. Volume was 18.987 billion shares worth 40.411 billion baht. There were 301 decliners and 201 gainers, with 156 stocks finishing unchanged.

Among the actives, Advanced Info rallied 0.97 percent, while Thailand Airport skidded 1.15 percent, Asset World retreated 1.58 percent, Bangkok Bank climbed 1.06 percent, Bangkok Dusit Medical dropped 0.89 percent, B. Grimm stumbled 1.87 percent, CP All Public surrendered 2.17 percent, Charoen Pokphand Foods plunged 2.70 percent, Energy Absolute declined 1.44 percent, Gulf weakened 1.75 percent, Kasikornbank collected 0.40 percent, Krung Thai Bank added 0.62 percent, Krung Thai Card gained 0.57 percent, PTT perked 0.74 percent, PTT Exploration and Production strengthened 1.33 percent, SCG Packaging tumbled 1.80 percent, Siam Commercial Bank advanced 0.90 percent, Siam Concrete rose 0.37 percent, Thai Oil soared 2.69 percent, True Corporation increased 0.72 percent, TTB Bank improved 1.08 percent and PTT Global Chemical, Banpu, PTT Oil & Retail, Bangkok Expressway and BTS Group were unchanged.

The lead from Wall Street is negative as the major averages opened lower on Monday, rallied in the afternoon but sank back into the red by the close.

The Dow…