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Win Streak May Continue For Thai Stock Market

The Thai stock market has finished higher in three straight sessions, collecting more than 15 points or 0.9 percent along the way. The Stock Exchange of Thailand now rests just above the 1,660-point plateau and it's tipped to open in the green again on Thursday.

The global forecast for the Asian markets is cautiously optimistic on optimism over interest rates and a mild bump in crude oil prices. The European and U.S. markets were slightly higher and the Asian markets are tipped to follow suit.

The SET finished slightly higher on Wednesday following gains from the financial shares and the energy producers.

For the day. The index added 4.39 points or 0.26 percent to finish at 1,662.13 after trading between 1,658.26 and 1,664.68. Volume was 9.974 billion shares worth 43.621 billion baht. There were 629 gainers and 619 decliners, with 520 stocks finishing unchanged.

Among the actives, Advanced Info spiked 1.87 percent, while Thailand Airport added 0.37 percent, Bangkok Bank collected 0.48 percent, BTS Group jumped 1.82 percent, Charoen Pokphand Foods plunged 3.85 percent, Krung Thai Bank and PTT both gained 0.52 percent, PTT Exploration and Production rose 0.76 percent, PTT Global Chemical advanced 0.71 percent, Siam Commercial Bank was up 0.38 percent, Siam Concrete tumbled 1.69 percent and Kasikornbank, Banpu, Bangkok Medical and Bangkok Expressway were unchanged.

The lead from Wall Street suggests mild upside as stocks moved slightly higher on Wednesday amid subdued buying interest.

The Dow added 6.58 points or 0.03 percent to finish at 26,157.16, while the NASDAQ gained 54.96 points or 0.69 percent to 7,964.24 and the S&P 500 rose 10.01 points or 0.35 percent to 2,888.21.

The higher close on Wall Street came after the minutes of the Federal Reserve's latest monetary policy meeting suggested the outlook for interest rates remains fluid. However, future rate decisions would depend on ongoing assessments of the economic outlook and potential risks.

In economic news, the Labor Department said that a spike in energy prices contributed to a slightly bigger than expected increase in consumer prices in March.

Crude oil futures settled higher Wednesday as a sharp decline in U.S. gasoline stocks offset a surge in crude stockpiles last week. Crude oil futures for May ended up $0.63 or 0.98 percent at $64.61 a barrel.

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