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Thailand - Market factors to watch - April 5
April 5, 2012 / 2:32 AM / 5 years ago

Thailand - Market factors to watch - April 5

BANGKOK, April 5 (Reuters) - Thai stocks are expected to
fall on Thursday as investors sell to cut risk exposure ahead of
a four-day holiday weekend amid concerns about euro zone debt
problems.	
    Asian shares fell on Thursday after a weak Spanish bond sale
heightened concerns about funding difficulties by lower-rated
euro zone countries, further undermining sentiment hurt by
fading expectations for more stimulus from the U.S. Federal
Reserve.	
    The benchmark SET index fell 1.07 percent on
Wednesday to 1,198.09, after two days of gains. Retail investors
sold 935 million baht ($30.2 million) of stocks while foreign
investors bought 121 million baht ($3.9 million), the bourse
said.	
    The Thai market is shut on Friday and Monday for a holiday
and trading will resume on Tuesday.	
    Brokers set support for the main index at 1,188, with
resistance at 1,200.	
    "The market is going to follow the direction of equities
globally amid renewed concerns about debt problems in Europe,"
said Parin Kitchatornpitak, a senior analyst at broker KTB
Securities.	
    "Overall, there should be some near-term consolidation of
Thai stocks after a pretty good run lately," he said.	
    The MSCI index of Asia excluding Japan was
trading down 1.09 percent by 0205 GMT	
    Click for cumulative trading value by
investor type.     	
    	
 MARKET SUMMARY                                       	
> Wall St down on stimulus doubts, Spain debt sale         	
> Oil falls as U.S. stockpiles hit 9-month high           	
> Euro, commodity currencies pressured; China data eyed  	
> Bonds gain as stock losses spur safety bid              	
> Gold off 3-month low; dashed easing hopes, euro weigh  	
 	
- For the Thai press digest click on:           	
- For Thailand's stock exchange news click on:    	
- For Thailand corporate earnings:           	
- For Thailand economic forecast:       	
    	
     ASIA-PACIFIC STOCK MARKETS: 
  Pan-Asia......             Japan.......       S.Korea...      
  S.E. Asia.....             Hong Kong...       Taiwan....      
  Australia/NZ..             India.......       China.....      
     * OTHER MARKETS: 
  Wall Street ..            Gold .......       Currency..       
  Eurostocks...              Oil ........      JP bonds...      
  ADR Report ...            LME metals.        US bonds..       
  Stocks News US               Stocks News Europe               
     * DIARIES & DATA: 
  IPO diary & data              Asia earnings diary             
  U.S. earnings diary           European diary                  
  Thailand diary                Wall Street Week Ahead          
  Eurostocks Week Ahead          
     * TOP NEWS: 
     For top Asian company news, double click on:               
  U.S. company news             European company news           
  Forex news                    Global Economy news             
  Technology news               Telecoms news                   
  Media news                    Banking news                    
  Politics/General news         Asia Macro data                 
  A multimedia version of Reuters Top News is available at: 
  topnews.session.rservices.com 
     * LIVE PRICES & DATA: 
  World Stocks                    Currency rates                
  Dow Jones/NASDAQ                  Nikkei                      
  FTSE 100                          Debt                        
  Thai baht                         LME price overview         
 ($1 = 30.95 baht)	
	
 (Reporting by Viparat Jantraprap and Kochakorn Boonlai; Editing
by Richard Pullin)

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