BANGKOK, Oct 29 (Reuters) - Thai stocks were expected to
open higher on Wednesday after a rally on Wall Street and amid
expectations for interest rate cuts by central banks worldwide.
"The strong rises in U.S. and Asian stocks are likely to
support Thai stock market sentiment. Buying momentum should
continue in underperforming big-caps," Broker Thanachart
Securities said in a research note.
The main index could reach 410-415 points later in the
session, broker Kim Eng Securities said.
The benchmark SET index .SETI closed 2.74 percent higher
at 398.04 on Tuesday, breaking a 3-day losing streak.
Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0131 GMT
------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 940.51 10.79% 91.590
USD/JPY JPY= 97.25 -1.43% -1.410
10-YR US TSY YLD US10YT=RR 3.8279 -- -0.021
SPOT GOLD XAU= 743.6 -0.09% -0.700
US CRUDE CLc1 65.03 3.67% 2.300
DOW JONES .DJI 9065.12 10.88% 889.35
ASIA ADRS .BKAS 90.33 13.35% 10.64
-------------------------------------------------------------
MARKET SUMMARY > US crude rises more than $3 on equities spike
[O/R] > Wall St scores 2nd-best day ever on rate cut
hopes [.N] > FOREX-Yen plunges across the board as stocks
surge [USD/] > TREASURIES-Bonds fall as stock surge cuts
safty bid [US/] > Platinum down 3 pct on demand worry, poor
auto sales [GOL/] > For full crisis coverage, double click on
[nCRISIS]
STOCKS AND FACTORS TO WATCH
- Thailand will extend a full guarantee on bank deposits
until 2011 to ensure financial stability and calm savers
worried about the global financial crisis, its finance minister
said on Tuesday. See [ID:nBKK207027] for details
PTT Exploration and Production PCL (PTTE.BK)
The energy firm said its third-quarter net profit rose 84.3
percent, slightly above analysts' forecasts, due to higher
petroleum sales. See [ID:nBKK408619] for details
- For the Thai press digest click on [ID:nBKK88748]
- For Thailand's IPO diary click on <TH/IPOMENU>
- For Thailand's stock exchange news click on [TH-SET]
- For Thailand corporate earnings: [TH-RES-RTRS]
- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=34.84 Baht)
(Reporting by Viparat Jantraprap; Editing by Darren
Schuettler)
