The cost of borrowing longer-term U.S. dollars in the London interbank market fell Friday as term funding pressures eased marginally.
Data from the British Bankers’ Association showed three-month dollar Libor,
seen as a key gauge of the effectiveness of the Federal Reserve’s monetary
policy, moved down to 0.50188% from Thursday’s 0.50375%, matching Wednesday’s record low.
Thai shares end up 0.3% at 614.24 in moderate trade.
Rises in regional markets, trading volume on local bourse not strong enough to push benchmark through 618 stiff resistance. With central bank more bullish about 2010 economy, positive sentiment likely to help SET Index extend gains Monday, says Capital Nomura Securities’ strategist Chai Chirasevenupraphand. “Investors are likely to anticipate (an improvement) in earnings of industria sectors. Most analysts share the similar view that energy, construction and property sectors will show positive results.” Resistance tipped in 625-630 zone. Support put at 605-608 area. Among top actives, PTT Exploration and Production (PTTEP.TH) +0.7% at THB139, PTT (PTT.TH) +0.4% at THB233, PTT Aromatics & Refining (PTTAR.TH) +0.5% at THB19.80, Banpu (BANPU.TH) +0.3% at THB337.