The Thai stock market on Wednesday ended a nine-day winning streak in which it had risen nearly 55 points or 3.6 percent. The Thai Stock Exchange is now just above the 1,410 plateau, although it may rise again on Thursday.
The global forecast for Asian countries. markets is cautiously optimistic as merchants look to add decorative elements before the end of the year. European and US markets rose slightly and Asian stock markets are expected to follow suit.
The SET closed slightly lower on Wednesday following losses in the financial, industrial, resources and technology sectors.
During the day, the index fell 3.02 points or 0.21 percent to finish at 1,410.43 after trading between 1,407.62 and 1,416.10. The volume was 10.147 billion shares worth 39.291 billion baht. There were 238 stocks that gained and 200 that fell, and 210 stocks ended unchanged.
Among assets, Thailand Airport rose 0.42 percent, while Asset World jumped 1.71 percent, Bangkok Bank raised 0.66 percent, Bangkok Dusit Medical advanced 0.91 percent, Bangkok Expressway fell 0.63 percent, B. Grimm fell 0.90 percent, CP All Public slid 0.89 percent, Charoen Pokphand Foods rose 1.04 percent, Kasikornbank added 0.76 percent , Krung Thai Bank lost 0.55 percent, Krung Thai Card fell 1.69 percent, PTT Oil & Retail plummeted 2.05 percent, PTT Exploration and Production fell 0.34 percent, PTT Global Chemical sank 0.65 percent, SCG Packaging fell 0.69 percent, Siam Commercial Bank lost 0.48 percent, Thai Oil gained 0.47 percent, True Corporation fell 0.98 percent cent and TTB Bank, Siam Concrete, Advanced Info, Banpu, Energy Absolute, Gulf, PTT and BTS Group remained unchanged.
Wall Street's lead is slightly positive, as the major averages opened higher on Wednesday, went in and out of the red before finishing with modest gains.
The Dow Jones rose 111.19 points or 0.30 percent to finish at a record 37,656.52, while the Nasdaq added 24.60 points or 0.16 percent to close at 15,099.18 and the S&P 500 rose 6.83 points or 0.14 percent to close at 4,781.58.
The rally in stocks came as Treasury yields fell noticeably over the course of the session, with the yield on the benchmark 10-year bond falling to its lowest level in five months.
Treasury yields fell further after the Treasury Department revealed that this month's auction of $58 billion in five-year notes attracted average demand.
Declining Treasury yields have added to optimism about the outlook for interest rates, generating renewed buying interest on Wall Street.
Oil prices fell on Wednesday on reports that shipping companies have resumed voyages through the Suez Canal and the Red Sea again after a geopolitical pause. West Texas Intermediate crude oil futures for February sank $1.46 or 1.9 percent to $74.11 a barrel.
Closer to home, Thailand will release November figures on imports, exports, trade balance, current account and industrial production today. In October, imports rose 10.5 percent year-on-year and exports rose 7.0 percent for a trade surplus of $1.3 billion. The current account showed a surplus of 700 million dollars, while industrial production fell 4.29 percent annually.
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