Thai stocks seen higher, oil shares in focus

BANGKOK, May 19 (Reuters) - Thai shares are expected to
extend recent gains on Tuesday, cheered by positive overseas
sentiment and higher oil prices that should push up heavyweight
energy shares, analysts said.

"Energy shares should get good support from higher crude
prices. The markets are likely to gain one to two percent,"
said Kosin Sripaiboon, head of research at UOB Kay Hian
Securities.

Resistance on the main index .SETI was seen at 547 and
550 and support at 535 and 532, analysts said.

On Monday, the index ended up 1.2 percent at 540.22, with
outperformers including refiner Esso ESSO.BK, which rose 14.8
percent, and fourth-ranked Kasikornbank KBAN.BK, which gained
4.6 percent.

Market turnover eased to 18.6 billion baht ($538 million),
compared with last week's average 28.92 billion baht, with
foreign investors buying a net 200 million baht. They have
bought a net 2.5 billion baht so far this year.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0219 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 909.71 3.04% 26.830
USD/JPY JPY= 96.25 0.02% 0.020
10-YR US TSY YLD US10YT=RR 3.2281 -- -0.006
SPOT GOLD XAU= 921.4 0.46% 4.200
US CRUDE CLc1 58.98 -0.08% -0.050
DOW JONES .DJI 8504.08 2.85% 235.44
ASIA ADRS .BKAS 108.31 3.21% 3.37
-------------------------------------------------------------
MARKET SUMMARY >NYMEX-Crude edges higher above $59 on supply
concerns [O/R] >US STOCKS-Wall St gains as Lowe's lifts mood
on economy [.N] >FOREX-Yen steadies after fall on improved
risk appetite [USD/] >Prices fall as economy hopes raise risk
appetite [US/] >PRECIOUS-Gold inches up a day after
retreat, ETF steady [GOL/]

STOCKS AND FACTORS TO WATCH

TT&T TTNT.BK

Creditors of the fixed-line operator are set to meet on
June 2 to appoint an administrator for a rehabilitation plan
after several delays.

PTT PTT.BK

PTT has entered a one-year purchasing agreement with Qatar
for liquefied petroleum gas (LPG) totalling 44,000 tonnes per
quarter.

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- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=34.55 Baht)
(Reporting by Viparat Jantraprap; Editing by Alan Raybould)