Brokers says SET Index would be volatile this week

July 21st, 2008 - 1:23 pm ICT by Amrit Rashmisrisethi  

Security analysts expect that the Stock Exchange of Thailand (SET) Index would be volatile this week (July 21st – 25th). Investors are advised to wait and see the performances of regional bourses and commercial banks.

Analysts from KGI Securities (Thailand) Publice Company Limited asserts that foreign investors are constantly selling off their shares back to the SET. However, the Thai stock market may enjoy a healthy growth, if regional bourses perform well and businesses of commercial banks are still in great shape.

Investors are advised to follow the Thai political situation and the global oil prices closely. Meanwhile, the United States import index last month, the quantity of oil in the US warehouses, the business performance of US property businesses will also play vital roles to the SET Index throughout this week.

It is expected that the SET Index’s support line today (July 21st) may stand between 640 and 670 points while its resistance line would be 704 points.

Source : National News Bureau, Public Relations Department of Thailand

Tags: , ,

Posted in Thailand |