Thailand - Market factors to watch - Jan 17

BANGKOK, Jan 17 (Reuters) - Thai stocks may gain on
Tuesday, reflecting the better tone elsewhere in Asia, but
banking shares should remain weak due to the prospect of weak
earnings, brokers said.
MSCI's broadest index of Asia-Pacific shares outside Japan
was up 1.4 percent by 0205 GMT.
On Monday, the SET index fell for a second session,
finishing down 0.75 percent at a one-week low of 1,037.01.
Banking shares fell 0.3 percent to the lowest in
more than one month. The selling in the sector came ahead of
fourth-quarter results this week, which are expected to be poor,
brokers said.
Foreign investors sold shares worth a net 219 million baht
($6.87 million), stock exchange data showed.
Broker BFIT Securities expected a modest rebound in the
index to 1040-1045 on the day, with support seen at 1033.
The weakness in the baht against the dollar pointed
to relatively thin foreign inflows, said Anubhon Sriaj, head of
research at BFIT.
"The euro zone debt issue will continue to restrain demand
for risk assets. The Thai market may rebound in the near term
after recent losses," he said.
Click for cumulative trading value by
investor type.
----------------------MARKET SNAPSHOT @ 0128 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1289.09 -0.49% -6.410
USD/JPY 76.85 0.07% 0.050
10-YR US TSY YLD 1.8688 -- -0.002
SPOT GOLD 1649.39 0.37% 6.010
US CRUDE 99.59 0.90% 0.890
DOW JONES 12422.06 -0.39% -48.96
ASIA ADRS 117.99 -0.31% -0.37
-------------------------------------------------------------

MARKET SUMMARY
> Oil prices gain after Iran warning
> Euro holds off low for now; China data eyed
> Gold steady; watches China data, Europe woes

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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..
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($1 = 31.895 baht)

(Reporting by Viparat Jantraprap)