Stock exchange rebound into positive after PM rejects House dissolution

BANGKOK, 15 March 2010 (NNT) – The Thai stock market has moved into the positive zone after the prime minister refused to dissolve the House by noon today as demanded by the anti-government United Front of Democracy Against Dictatorship (UDD).

The activity in the stock exchange fluctuated up and down to both negative and positive zones, touching the lowest at 727.81 after the opening. The index dropped by 5 points before it shifted up in response to the prime minister’s assurance.

Prime Minister Abhisit Vejjajiva earlier stated that the turning down of the UDD request did not imply negligence on public demand. The government’s main objective is to drive the country forward and not to stay long in power.

Today, thousands of UDD supporters are gathering in front of the 11th Infantry Regiment in the capital of Bangkok, demanding for House dissolution.