Thai stock expected to 'move sideways' this week

Thai stock expected to 'move sideways' this week
By Digital Content



BANGKOK, Dec 22 -- The Stock Exchange of Thailand (SET) is expected to move sideways this week after the US Federal Reserve opted to maintain low interest rates as investors were likely to cautiously monitor key US economic indicators and Thailand’s export data for November, according to a report issued by Kasikorn Research Centre.

On Friday, the SET closed at 1,514.35 points, down 0.04 per cent from a week ago, while average daily turnover increased 12.81 per cent to about Bt70.4 billion.

Kasikorn Research Centre forecast that the SET index would move sideways throughout this week as investors would be reluctant to invest as Christmas and New Year holidays are approaching.

Also, investors await key US economic indicators such as purchase orders for durable goods, gross domestic product figures for the third quarter and house sales, the Kasikorn Research Centre said.

Investors are also awaiting Thailand’s export data for November, it added. (MCOT online news)


-- TNA 2014-12-22