SET predicted to be quiet as investors mull effects of US support for Hong Kong
The Stock Exchange of Thailand (SET) is likely to be on the quiet side today (November 29) with trading showing a downwards trend, experts say.
It closed yesterday under 1600 with sentiment taking a negative turn following US President Donald Trump’s signing of a law supporting the Hong Kong protests, which annoyed China and could disrupt ongoing trade talks between the two countries,
Total foreign sales yesterday brought the three-day total to Bt1.7 billion and marked the second day of Short S50 Futures, increasing to 17,213 contacts. Global stock trading slowed as Wall Street shut down for the Thanksgiving celebrations while the European stock market decreased slightly by 0.2 to 0.3 per cent due to Trump’s signing of the law,
Investors today are predicted to delay investments, instead waiting to see the trade and direction of US stock market when it reopens today
DJ futures dropped 0.2 per cent and the Bank of Thailand (BOT) will reveal economic numbers for October.
Trading this morning was down though consumption in Thailand expanded slightly and tourism showed a satisfying increase. Outstanding stocks today were AOT, BDMS, BEM, BJC, CPALL, JWD, and SCB.