The Thai stock market has alternated between positive and negative finishes through the last four trading days, since the end of the two-day slide in which it had given away more than 15 points or 1.5 percent. The Stock Exchange of Thailand remained just shy of the 1,060-point plateau, and now analysts are expecting very little action and movement for the market on Monday in one of the few regional bourses not closed for the Lunar New Year.
The global forecast for the Asian markets is mixed to flat as positive economic news from the United States is likely to be offset by disappointing quarterly reports - particularly from the technology sector. Properties and financials may provide a hint of support, while technology stocks could weigh. The European markets finished barely lower on Friday and the U.S. bourses were mixed - and now the Asian markets are expected to see little action.
The SET finished flat on Friday as losses from the energy producers were offset by support from the financial sector.
For the day, the index eased 0.28 points or 0.03 percent to finish at 1,058.66 after trading between 1,056.06 and 1,063.44. Volume was 3.494 billion shares worth 26.363 billion baht. There were 225 gainers and 225 decliners, with 154 stocks finishing unchanged.
Among the actives, energy giant PTT was down 0.90 percent, while PTT Global Chemicals shed 0.39 percent, Kasikornbank collected 2.07 percent, Bangkok Bank added 0.33 percent and Siam Commercial Bank was unchanged.
Wall Street offers little guidance as stocks turned in a relatively lackluster performance during trading on Friday, with traders reluctant to make any significant moves. A mixed reaction to the latest batch of earnings news contributed to the choppy trading seen throughout the session.
While traders largely reacted positively to quarterly results from tech giants Microsoft (MSFT), IBM (IBM), and Intel (INTC), internet search giant Google (GOOG) fell sharply in reaction to its results. Shares of Microsoft surged up by 5.7 percent on the day after the software giant reported better than expected second quarter earnings on revenues that came about in line with estimates. The gain lifted Microsoft to its best closing level in well over a year.
IBM and Intel also posted notable gains after reporting better than expected quarterly results, advancing by 4.4 percent and 2.9 percent, respectively. Shares of Intel reached a four-year closing high. Meanwhile, Google came under significant selling pressure, falling by 8.4 after reporting weaker than expected fourth quarter results.
General Electric (GE) also spent much of the session in negative territory after releasing its quarterly results but ended the day flat. While GE reported fourth quarter adjusted earnings of $0.39 per share, a penny above analyst estimates, the company's sales fell 8 percent to $38 billion, below expectations for $40 billion.
On the economic front, the National Association of Realtors reported that existing home sales rose 5.0 percent to an annual rate of 4.61 million in December from a downwardly revised 4.39 million in November. With the continued increase, existing home sales rose to their highest annual rate since coming in at 4.64 million in January of 2011.
The Dow finished 96.50 points or 0.8 percent higher to end at 12,720.48, while the S&P 500 edged up 0.88 points or 0.1 percent to 1,315.38 and the NASDAQ slipped 1.63 points or 0.1 percent to 2,786.70. Despite the mixed performance on the day, the major averages all moved notably higher for the week. The Dow rose by 2.4 percent to a six-month closing high, while the NASDAQ jumped by 2.8 percent and the S&P 500 advanced by 2 percent.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.