Thai share prices are set for another week of volatile trading, weighed down by the negative mood on Wall Street and concerns over high global oil prices, dealers said.
"The index could show extreme fluctuations similar to this week, depending on the movements in US markets, regional markets, and oil prices," said Kitti Hamnilrat, chief analyst at Ayudhya Securities.
Many Thai investors are expected to stay on the sidelines as the kingdom gears up for its first general elections since last year's military coup. Voters go the polls on December 23, but are not expected to give any party a clear majority.
Kitti predicted that the index would slip below the 800-point mark. Varaporn Viboonkhanawat of Seamico Securities said that investors would start finding bargains if the index fell below the 800 mark. "I forecast that the index could move up or down by 20 points, but if it fell to the 800-point mark, I would recommend investors buy because prices would become attractive," she said.
For the week to November 23, the Stock Exchange of Thailand (SET) composite index fell 24.82 points, or 2.92 percent, to close Friday at 824.25.
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