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Search Result for “drag”

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INVESTMENT

Political jitters and sell-offs keep SET in doldrums

Business, Published on 22/06/2024

» The Thai stock market fell the past week as investor confidence was undermined by lingering political uncertainty, with two key court cases now poised to drag on into July or beyond.

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INVESTMENT

Political jitters hamstring SET index

Business, Nareerat Wiriyapong, Published on 05/06/2024

» Political uncertainty is expected to be a major drag on the Stock Exchange of Thailand (SET) for the entirety of June, with three legal cases involving Prime Minister Srettha Thavisin, former premier Thaksin Shinawatra and opposition Move Forward Party (MFP) causing the index to sag deeper than originally forecast, say analysts.

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INVESTMENT

Favourable US inflation report cheers investors

Published on 02/03/2024

» RECAP: Most Asian equity markets advanced yesterday, led by Japan, as US stocks reached fresh highs after the Federal Reserve's preferred inflation indicator met consensus forecasts.

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INVESTMENT

SET president optimistic for 2024

Business, Nuntawun Polkuamdee, Published on 26/01/2024

» Stocks related to tourism and industries that would benefit from lower interest rate are expected to drive the Stock Exchange of Thailand (SET) index to rebound, while geopolitical conflicts remain a drag, says an exchange executive.

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INVESTMENT

Electronics sector upbeat on 2024 view

Business, Nareerat Wiriyapong, Published on 12/12/2023

» Listed electronics companies should see their performance improve in 2024 thanks to a projected global recovery of all sub-sectors across the industry, with higher growth in the latter half of the year, says KGI Securities.

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INVESTMENT

SET consolidating after initial shock from Mideast

Business, Published on 21/10/2023

» The benchmark SET index slid more than 30 points on Monday before consolidating around 1,420 to 1,430 as selected stocks and sectors gained. Monday's hefty sell-off was triggered by events in the Middle East as Israel's retaliation against Hamas ignited worries that the situation may escalate and drag other groups into the conflict. Oil prices surged in tandem with rising geopolitical tension.

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INVESTMENT

SET target revised down after months of decline

Business, Published on 03/10/2023

» Stock market analysts have revised down the Stock Exchange of Thailand (SET) index target this year after the index dropped to a three-month low of around 1,470 points, though they noted that further downside is now limited.