BANGKOK, May 27 (Reuters) - Thai stocks are likely to fall
on Tuesday amid concerns about politics due to the revival of
anti-government rallies, while high oil prices are stoking
fears of inflation and weakening consumer spending, analysts
said.
"The index may track recoveries in other markets at the
opening, but it should not go further as our politics at home
are triggering worries," a dealer at BT Securities said.
Fresh street protests in Thailand between supporters of
former Prime Minister Thaksin Shinawatra and his opponents
could drag the army back into the forefront of politics and
scare off foreign investors, analysts said [ID:nBKK174409].
Support on the main index .SETI is expected at 845-848
points and resistance at 858 points, the analysts said.
On Monday, the benchmark SET index fell 2.15 percent to a
one-week closing low of 856.80 points, following falls on
overseas markets.
Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0055 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1375.93 -1.32% -18.420
USD/JPY JPY= 103.37 0.02% 0.020
10-YR US TSY YLD US10YT=RR 3.858 -- 0.008
SPOT GOLD XAU= 929.50 0.15% 1.400
US CRUDE CLc1 133.30 0.84% 1.110
DOW JONES .DJI 12479.63 -1.16% -145.99
ASIA ADRS .BKAS 161.09 -1.90% -3.12
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MARKET SUMMARY > Oil above $133 on Nigeria, North Sea
[O/R] > Dollar ekes out gains in ultra-thin holiday trade
[USD/] > Bonds regain safe-haven bid on stocks' fall
[US/] > Gold takes breather after rally on oil, dollar
[GOL/] > Asian Shares seen steady, all eyes on oil
[nSYD249902]
STOCKS AND FACTORS TO WATCH
- PTT Aromatics and Refinery PCL (PTTAR.BK)
Thailand's largest integrated aromatics refinery said it
had signed a nine-year loan with Siam Commercial Bank SCB.BK
for 6 billion baht ($187 million) to finance refinery
expansion. [ID:nBKK148823]
- Bangkok Bank PCL (BBL.BK)
Thailand's biggest lender said it has won approval to set
up a full-licence bank in China and plans to start the
operations in the fourth quarter of this year. [ID:nBKK281118]
- Energy firms .SETEN
Thailand's Energy Minister said she wanted major refiners
to pay a share of their refining profits into a government fund
to ease the burden of rising pump prices, talk of which hit
energy shares. [ID:nBKK310747]
- Thailand's economic growth slowed as expected in the
first quarter to 1.4 percent, as inflation dragged on growth,
and analysts said high prices would keep activity subdued in
coming quarters. [ID:nBKK16020]
- For the Thai press digest click on [ID:nBKK154415]
- 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=32.23 Baht)
(Reporting by Arada Therdthammakun; Editing by Ed Cropley)
