SET Index likely to move up next week

BANGKOK, 6 June 2010 (NNT) – The Stock Exchange of Thailand (SET) composite index from 7 to 11 June 2010 is expected to increase gradually under a limited frame, according to the Kasikorn Research Center (KResearch).

KResearch estimated that the SET index’s support line for next week would stand in the range of 740-757 points and the resistance line at 775-806 points. However, investors must closely monitor the public debt crisis in Euro zone and measures of the Chinese government on its Yuan currency.

Regarding internal factors affecting the stock movement, investors remain concerned over the political situation in Thailand, particularly about the declaration of the state of emergency in 24 provinces.

Meanwhile, external factors include the direction of oil prices in the world market, the regional stock market trends as well as important economic figures of the US.