Thai share prices are likely to be rangebound this week as investors trade with caution ahead of the release of the kingdom's inflation report, dealers said.
"The market will move in a narrow range as investors take a wait-and-see stance ahead of the inflation report," said Thanyalak V. Surapol, an economist at Kasikorn Research Center.
The commerce ministry is to release Thailand's inflation report for November on Friday, while the Bank of Thailand will also issue its monthly economic report on Thursday. The kingdom's inflation rate edged up to 2.8 percent year-on-year in October due to rising food costs and rose 0.4 percent month-on-month.
Thanyalak said the market would also likely move narrowly due to a lack of fresh buying incentives.
For the week to November 24, the Stock Exchange of Thailand composite index fell 10.05 points or 1.37 percent to close at 723.87 on Friday.
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