Thailand’s Stock Exchange of Thailand snapped a three-day winning streak on Tuesday, slipping marginally after gaining more than 50 points, or 3.3 percent, over the prior sessions.
The SET index ended Tuesday at 1,626.03, easing 1.87 points or 0.11 percent, after trading in a range between 1,606.27 and 1,629.68 throughout the session.
Trading volume reached 12.645 billion shares valued at 82.003 billion baht, reflecting continued active participation across the Thai market.
There were 239 gainers against 216 decliners, with 213 stocks finishing the session unchanged, pointing to a broadly mixed but relatively stable trading day.
Losses were concentrated in the food, consumer, finance, and service sectors, which weighed on the index despite pockets of strength elsewhere.
The global forecast for Asian markets heading into Wednesday is positive, supported by an improved outlook for interest rates following fresh U.S. economic data.
European and U.S. markets both finished higher on Tuesday, and Asian bourses are expected to open in a similarly upbeat fashion.
Wall Street provided an encouraging lead, with major averages opening mixed before all three key indices finished firmly in positive territory by the close.
The Dow rose 10.02 points or 0.02 percent to finish at 52,508.66, while the NASDAQ jumped 233.83 points or 0.90 percent to close at 26,107.01 and the S&P 500 gained 28.54 points or 0.38 percent to end at 7,543.88.
The gains followed a Labor Department report showing consumer prices in the U.S. fell more than expected in June, easing concerns about persistent inflation and the potential for higher interest rates.
Weaker-than-expected inflation data gave investors fresh confidence that monetary policy tightening may remain limited in the near term.
Gains on Wall Street were capped, however, by the ongoing conflict in the Middle East and a corresponding rebound in oil prices during the session.
West Texas Intermediate crude for August delivery rose $0.94 or 1.2 percent to $79.08 a barrel, driven by escalating tensions between the U.S. and Iran.
With positive cues from both Wall Street and the broader global macro environment, the SET is positioned to recover lost ground when trading resumes on Wednesday.
