### Thai Stock Market Update: Fluctuations and Global Economic Concerns
The Thai stock market has experienced alternating finishes over the last six trading days, ultimately gaining more than 40 points, equating to a 3% increase. The Stock Exchange of Thailand (SET) currently sits just below the 1,365-point mark and is expected to decline again on Wednesday.
#### Global Economic Outlook
The global economic outlook is broadly negative due to ongoing concerns. Both European and U.S. markets experienced significant declines, and it's anticipated that Asian markets will follow this downward trend.
#### Tuesday's Performance
On Tuesday, the SET saw modest gains, supported by the food, finance, industrial, resource, and service sectors. The index added 10.96 points, or 0.81%, ending the day at 1,364.60, with fluctuations between 1,354.26 and 1,370.04. Trading volume reached 8.580 billion shares, valued at 42.263 billion baht. Out of the traded stocks, 341 advanced, 134 declined, and 187 remained unchanged.
#### Sector and Stock Analysis
Several notable performances were recorded:
- **Advanced Info**: Increased by 0.81%
- **Thailand Airport**: Rose by 0.83%
- **Asset World**: Soared by 3.59%
- **Banpu**: Decreased by 0.90%
- **Bangkok Bank**: Climbed by 1.08%
- **Bangkok Expressway**: Up by 0.66%
- **B. Grimm**: Rallied by 2.48%
- **BTS Group**: Skyrocketed by 5.34%
- **CP All Public**: Rose by 0.41%
- **Charoen Pokphand Foods**: Increased by 0.40%
- **Energy Absolute**: Plunged by 3.17%
- **Kasikornbank**: Jumped by 1.77%
- **Krung Thai Bank**: Strengthened by 1.64%
- **Krung Thai Card**: Improved by 1.20%
- **PTT Oil & Retail**: Added by 0.67%
- **PTT Exploration and Production**: Fell by 0.36%
- **PTT Global Chemical**: Surged by 4.00%
- **SCG Packaging**: Accelerated by 2.49%
- **Siam Commercial Bank**: Advanced by 0.94%
- **Siam Concrete**: Dropped by 0.44%
- **Thai Oil**: Gained by 0.46%
- **True Corporation**: Decreased by 0.97%
- **TTB Bank**: Increased by 0.55%
- Gulf, PTT, and Bangkok Dusit Medical remained unchanged.
#### Wall Street Influence
Wall Street's performance was exceedingly poor, as major indices opened in the red and worsened throughout the day:
- **Dow Jones**: Dropped by 626.15 points or 1.51%, closing at 40,836.93
- **NASDAQ**: Plunged by 577.33 points or 3.26%, ending at 17,136.30
- **S&P 500**: Tumbled by 119.47 points or 2.12%, finishing at 5,528.93
#### Economic Indicators and Market Sentiment
The sell-off followed a report from the Institute for Supply Management, which indicated ongoing declines in U.S. manufacturing activity in August. Additionally, the Commerce Department reported an unexpected decrease in U.S. construction spending in July. Some traders chose to cash in on previous gains amidst lingering uncertainty regarding interest rates. The Federal Reserve is widely anticipated to lower rates at its upcoming meeting. According to CME Group's FedWatch Tool, there is a 63% likelihood of a quarter-point rate cut, and a 37% chance of a half-point cut.
#### Oil Prices
Oil prices plummeted to a nine-month low on Tuesday, driven by concerns about oversupply from OPEC. West Texas Intermediate Crude oil futures for October fell by $3.21 or 4.4%, ending at $70.34 per barrel.
This economic landscape presents a cautious outlook for the Thai stock market amid global concerns and internal fluctuations.
