Analyst Believes Stock Index Will Fall On Wednesday

[george]

Analyst believes stock index will fall on Wednesday

BANGKOK: -- A stock analyst said Monday that the stock index is likely to fall when the stock market is open on Wednesday after the long New Year holidays.

Sukij Udomsirikul, assistant manger of the business development of Siam City Trust, said there would be selling pressure among tourism businesses because the bomb attacks in Bangkok had affected confidence of investors.

He said the bomb attacks would cause foreign tourists to cancel their plant to travel to Thailand despite the high season of tourism has begun.

He said the expected effects on tourism would also affect the country's economy, and thus would affect the stock market.

-- The Nation 2007-01-01

[sfokevin]

Duh... Easy bet