BANGKOK, May 26 (Reuters) - Thai stocks are expected to
open softer on Tuesday, weighed down by continued foreign
selling and concerns about the domestic economy, analysts said.
Trading volumes were light on other Asian bourses after
U.S. and British markets were closed for public holidays on
Monday.
"The market looks a bit quiet today with no fresh signals
from internal and external markets. Our GDP data remains a
worry," KT Seamico Securities analyst Charoen Iampathanatham
said.
He expected support on the main index .SETI at 540.
On Monday, the benchmark SET index fell 0.63 percent to
550.51 points, led by weaker energy and banking shares after
the latest data confirmed Thailand was in recession.
Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0107 GMT
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INSTRUMENT LAST PCT CHG NET CHG S&P
500 .SPX 887 -0.15% -1.330
USD/JPY JPY= 94.83 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.4381 -- -0.011
SPOT GOLD XAU= 956 -0.19% -1.800
US CRUDE CLc1 61.38 -0.47% -0.290
DOW JONES .DJI 8277.32 -0.18% -14.81
ASIA ADRS .BKAS 107.12 0.56% 0.60
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MARKET SUMMARY > NYMEX-Crude steady above $61 ahead of OPEC
meet [O/R] > US STOCKS-Wall St slips late as budget
worries linger [.N] > FOREX-Euro slips on German Ifo in thin
holiday trade [USD/] > TREASURIES-Selloff persists on debt
worries before supply[US/] > PRECIOUS-Gold eases as dollar
recovers [GOL/]
STOCKS AND FACTORS TO WATCH
- Thailand's economy slipped into its first recession in a
decade in the first quarter as household consumption and
investment slumped the most in years, but analysts and
officials predicted a pick up in the economy in coming quarters
[nBKK432523]
- Robinson Department Store PCL ROBI.BK said it expected
first-half sales to be similar to or above last year's results
due to higher consumer spending in May.
- For the Thai press digest click on [PRESS/TH]
- 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=34.36 Baht)
(Reporting by Arada Therdthammakun; Editing by Darren
Schuettler)
