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Thailand - Market factors to watch - March 2
March 2, 2012 / 2:43 AM / 6 years ago

Thailand - Market factors to watch - March 2

BANGKOK, March 2 (Reuters) - Thai stocks may edge up
on Friday in line with gains elsewhere in Asia, with rising
global oil prices helping energy shares, which have a heavy
weighting in the main index.	
    Asian shares inched up after a flood of cheap European
Central Bank funds this week eased debt worries, allowing
markets to overcome weak data and concerns over oil. The MSCI
Asia Pacific ex-Japan was up 0.6 percent at 0153
GMT.	
    On Thursday, Thailand's SET index edged up 0.35
percent to 1,164.98, the highest in almost 16 years.	
    Foreign investors bought shares worth a net 2.6 billion baht
($85 million) but retail investors sold shares worth 3.1 billion
baht ($102 million), the bourse said.	
    Brokers pegged resistance on the main index at 1,169 on
Friday, with support at 1,153. Investors would also look to take
profits on the overbought market, they said.	
    The 14-day Relative Strength Index (RSI) of the SET index
closed at 74.99. A level above 70 suggests the market is
overbought.	
    "We expect the market to run up further this month thanks to
global liquidity, although fears about high inflation caused by
oil prices will cap the gains," said broker Finansia Syrus
Securities.  	
    Click for cumulative trading value by
investor type.    	
 ----------------------MARKET SNAPSHOT @ 0141 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1374.09      0.62%     8.410
 USD/JPY                          81.2         0.12%     0.100
 10-YR US TSY YLD                 2.033           --     0.003
 SPOT GOLD                        1721.89      0.26%     4.530
 US CRUDE                         108.85       0.01%     0.010
 DOW JONES                        12980.30     0.22%     28.23
 ASIA ADRS                        131.38       0.59%      0.77
 -------------------------------------------------------------                                     
 
 	
 MARKET SUMMARY                                       	
> US STOCKS-Wall St returns to 2008 highs on banks             	
> Oil highest since 2008 on Saudi pipeline report              	
> Euro suffers post-ECB blues; downside seen                   	
> U.S. bonds down as QE3 timing reassessed                     	
> Gold edges up as buyers slowly return after selloff          	
 	
- 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 = 30.515 baht)	
	
 (Reporting by Viparat Jantraprap and Wirat Buranakanokthanasan)

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