September 2, 2011 / 2:41 AM / 8 years ago

Thailand - Market factors to watch - Sept 2

 BANGKOK, Sept 2 (Reuters) - Thai stocks may move narrowly on
Friday with Asian shares weak ahead of key U.S. jobs data but
the Thai government's plans to boost domestic spending at home
may bolster consumer stocks.	
 The Puea Thai-led government has aimed to start several of
its stimulus programmes in the next fiscal year from Oct. 1,
including tax incentives for first-time homebuyers, according to
Deputy Finance Minister Boonsong Teriyaphirom.	
 Broker KGI Securities advised traders to stay sidelined and
monitor U.S. job data with selective buying in domestic sectors
like residential property for mid-term investors.	
 "The market backdrop should continue to point to strong
relative performance by the residential property sector, in our
view," it said in a note to clients.	
 On Thursday, the benchmark Thai stock index ended
nearly flat at 1,069.13, reversing a 1 percent gain in early
trade, as investors cashed in quick gains in banks. Siam
Commercial Bank edged down 0.4 percent.	
 The market took in $150 million in foreign inflows at the
start of September after $1.4 billion in outflows for August,
stock exchange data showed.	
 Foreign buying interest in bank stocks was relatively active
on Thursday after ratings-agency Moody's upgrades of Bangkok
Bank and Siam Commercial Bank helped lift sentiment for
the banking sector, brokers said.	
 Analysts expect the main index to move in a range of 1,065
to 1,075. They pegged next resistance at 1,080.	
 Market players in Asia are looking for clues on whether the
U.S. Federal Reserve will start a fresh round of policy easing.
By 0216 GMT, the MSCI Asia Pacific ex-Japan index
 was trading 0.7 percent lower.	
 Click for cumulative trading value by 
investor type.    	
 ----------------------MARKET SNAPSHOT @ 0147 GMT ------------
                  INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                   1204.42     -1.19%   -14.470
 USD/JPY                   76.87       -0.05%    -0.040
 10-YR US TSY YLD     2.146           --     0.014
 SPOT GOLD                 1827.09      0.14%     2.540
 US CRUDE            CLc1       88.91       -0.02%    -0.020
 DOW JONES                 11493.57    -1.03%   -119.96
 ASIA ADRS                124.53      -0.93%     -1.17
 -------------------------------------------------------------                   
 
	
 MARKET SUMMARY                                       	
>Wall St falls on payroll fears; Netflix off late         	
>Brent dips on weak economy, US crude up on storm        	
>Euro nurses losses, eyes on U.S. jobs data             	
>Bonds climb as data fuels job worries                   	
>PRECIOUS-Gold flat ahead of U.S. payrolls data         	
 	
 STOCKS AND FACTORS TO WATCH:	
 	
 - PTT Exploration and Production 	
 Thailand's top oil and gas explorer is considering raising
more than $1 billion in equity to finance expansion and
acquisition plans, banking sources said on Thursday.[ID:
nL4E7K11R5]	
 	
 - Thailand's political stability and the fiscal policies of
its new government are key factors for its future credit-rating,
a senior Fitch analyst said on Thursday. 	
        	
- 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        <0#.INDEX>  Currency rates   
  Dow Jones/NASDAQ    Nikkei              
  FTSE 100                  Debt   <0#USBMK=> 
  Thai baht                  LME price overview  
	
 (Reporting by Viparat Jantraprap)	
 
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