The Stock Exchange of Thailand continued to head south in the past week amid a series of disappointments from weak earnings by major firms, such as those in electronics and shipping.
As well, negative news hit specific stocks such as GUNKUL, after the Administrative Court revoked land rights for the wind farm planned by the engineering company and partner GULF in Nakhon Ratchasima. As a result, the SET index moved down sharply towards the support at 1,650 points, or the 75-day exponential moving average.
However, we started to see some light at the end of the tunnel as investors chased certain beaten-down stocks. Targets included firms that have already released earnings and showed no threats (banks), and those registering weak results but seen as having bottomed out (small…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.