Thailand - Market factors to watch - May 3

Wed May 2, 2012 10:27pm EDT

BANGKOK, May 3 (Reuters) - Thai stocks are expected to fall
on Thursday after weak U.S. data rekindled concerns about the
strength of the global economic recovery.	
    The benchmark SET index rose 0.86 percent to
1,239.06 on Wednesday, the highest close in almost 16 years, led
by energy shares.	
    Foreign investors bought shares worth 629 million baht
($20.38 million), with retail investors selling 1.9 billion baht
($61.57 million), the bourse said.	
    The 14-day Relative Strength Index (RSI) closed at 69.82 on
Wednesday, close to an "overbought" level of 70.	
    "The market seems to be pretty much overbought and it's more
likely to see some correction this week to test the 1,200
level," said Globlex Securities senior analyst Chakkrit
Charoenmetachai.	
    Resistance for the main index was at 1,252, he said.	
    Click for cumulative trading value by
investor type.	
    	
    MARKET SUMMARY                                       	
> Dow, S&P 500 fall as private-sector hiring spurs worry   	
> Oil sags on inventory build, soft data                  	
> Euro, kiwi unsettled by weak data; ECB eyed            	
> Bonds rise on weak U.S., European data                  	
> Gold under pressure from weak US, Europe data          	
    	
    STOCKS TO WATCH	
    	
    - Bangkok Bank Pcl 	
    The bank expects loan demand to boost its earnings in 2012
and is looking for opportunities to strengthen its foreign
operations before the formation of Southeast Asia's single
market in 2015, its executive chairman said on Wednesday
 	
         	
- 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 = 30.86 baht)	
	
 (Reporting by Viparat Jantraprap and Wirat
Buranakanokthanasarn; Editing by Alan Raybould)
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