The Thai stock market has ticked higher in two straight sessions, collecting more than 5 points or 0.3 percent in that span. The Stock Exchange of Thailand now rests just above the 1,725-point plateau and it's expected to be rangebound again on Wednesday.
The global forecast for the Asian is mixed and flat ahead of key central bank meetings in the next few days. The European markets were slightly lower and the U.S. bourses were mixed and flat - and the Asian bourses figure to split the difference.
The SET finished modestly higher on Tuesday as gains from the financial shares were tempered by weakness from the food and cement stocks - while the energy producers came in mixed.
For the day, the index added 4.18 points or 0.24 percent to finish at 1,727.29 after trading between 1,724.71 and 1,735.84. Volume was 13.788 billion shares worth 50.814 billion baht. There were 615 gainers and 575 decliners, with 518 stocks finishing unchanged.
Among the actives, Banpu jumped 1.87 percent, while Bangkok Bank collected 0.76 percent, Bangkok Medical advanced 0.99 percent, Charoen Pokphand Foods tumbled 2.03 percent, Kasikornbank climbed 1.01 percent, PTT spiked 1.48 percent, PTT Exploration and Production added 0.74 percent, PTT Global Chemical shed 0.28 percent, Siam Commercial Bank gained 0.36 percent, Siam Concrete lost 0.89 percent and Krung Thai Bank, Bangkok Expressway, Advanced Info and Thailand Airport all were unchanged.
The lead from Wall street is cautiously optimistic as stocks showed a lack of direction on Tuesday, bouncing back and forth across the unchanged line before ending mixed.
The Dow fell 1.58 points or 0.01 percent to 25,320.73, while the NASDAQ climbed 43.87 points or 0.57 percent to 7,703.79 and the S&P 500 rose 4.85 points or 0.17 percent to 2,786.85.
The soft performance came ahead of monetary policy announcements by the Federal Reserve and the European Central Bank. The Fed is widely expected to raise interest rates by 25 basis points on Wednesday, while the ECB may discuss ending its bond purchasing program on Thursday.
In economic news, the Labor Department reported a modest increase in consumer prices in May, while core CPI edged up to a 15-year high.
Traders largely shrugged off the meeting between President Donald Trump and North Korean leader Kim Jong Un - who pledged to work together to "build a lasting and stable peace regime on the Korean Peninsula."
by P2PNews Staff Writer