Positive outlook for Thai stocks anticipated

BANGKOK, 11 January 2010 (NNT) – The outlook for the Thai stock market today is positive with the forecast of movements in a narrow range of 730-740 points, according to stock experts.

Thawatchai Asawapornchai, a research manager at Globlex Securities, said if the index passed 740 points, it was likely to rise up to 758 points. Mr Thawatchai added that the Thai stocks had not hit another new high such as elsewhere.

Another factor to influence the stocks today is the fourth quarter performance of businesses which has yet to be concluded. However, the outcome is expected to be positive, especially for the commercial bank group, and will continue this year. The manager therefore suggested investors to collect such stocks for investment.

The stocks today are expected to continue to increase if a protest by the anti-government United Front for Democracy against Dictatorship does not escalate.