Thai stocks to climb during 5-9 Oct 09

BANGKOK, 4 October 2009 (NNT) – The Kasikorn Research forecasts that Thai stocks will continue to climb next week due to a positive supporting momentum tendency from both foreign and national factors.

As analyst of the Kasikorn Securities and Kasikorn Research, said Thai stock market was expected to go upwards during 5-9 October 2009 because of foreign and national factors.

In addition, domestically, an economic data about consumer confidence researched by University of the Thai Chamber of Commerce on 8 October 2009, cited the 78 Map Ta Phut industrial projects and political circumstances would turn favorable to the Thai stock market index. Internationally, the Thai stock market will move upwards due to foreign factors such as global oil prices, regional market movements, economic reports from the United States and the third quarter performance of US listed entrepreneurs.

Moreover, the Kasikorn securities expected that the SET index would ascend to settle between 710 and 695 points while descending to settle between 732 and 758 points respectively.