Reuters: Financial Services and Real Estate: Thailand - Market factors to watch - May 4

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Thailand - Market factors to watch - May 4 May 4th 2012, 02:16 Tweet Share this Email Print Thu May 3, 2012 10:16pm EDT BANGKOK, May 4 (Reuters) - Thai stocks are expected to be range-bound with a negative bias on Friday, with the weakness of the oil market weighing on energy shares and sentiment elsewhere in Asia remaining wary about prospects for the U.S. recovery. On Thursday, the benchmark SET index edged up 0.08 percent to 1,240.03, with consumer shares such as CP All Pcl leading gainers thanks to a positive outlook for domestic consumption. Retail investors bought shares worth 363 million baht ($11.74 million), with foreign investors selling 162 million baht ($5.24 million), the bourse said. Support for the main index was seen at 1,233 and 1,228, said Chai Chirasevenupraphund, a strategist at Capital Nomura Securities. "External factors are a bit weak and could pull the Thai stock market lower this morning. Overall, I think the market will wait to see more U.S. data," he said. MSCI's broadest index of Asia Pacific shares outside Japan was down 0.36 percent at 0210 GMT. Click TH/TRADING01 for cumulative trading value by investor type. MARKET SUMMARY > Wall St drops before jobs data, LinkedIn up late > Oil drops sharply on US economic data, technicals > Euro drops as uncertainty weighs before US jobs data > Bonds gain on services data before jobs report > Gold near 1-week low ahead of U.S. jobs data STOCKS TO WATCH: - Total Access Communication Pcl (TAC) Thailand's second-largest mobile phone operator reported a 10 percent fall in quarterly net profit on Thursday as higher concession fees outweighed an increase in revenue from non-voice services. - 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 = 30.915 baht) (Reporting by Viparat Jantraprap and Wirat Buranakanokthanasarn; Editing by Alan Raybould) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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