The movement of Thai share prices next week hangs on the outcome of Sunday's election, the first since last year's bloodless coup ousting premier Thaksin Shinawatra, dealers said.
"It really depends on the election result. We have to wait and see," said Chai Chirasevenupraphand, a market strategist at Capital Nomura Securities.
Thais vote in the polls meant to restore democracy, but observers question how free and fair the elections can be as more than one-third of the country, including Thaksin's rural strongholds, is still under martial law. Thaksin's allies, campaigning as the People Power Party, are leading the polls over the Democrat Party, Thailand's oldest political outfit.
Thai financial markets will resume trading on Tuesday.
For the week to December 21, the Stock Exchange of Thailand composite index fell 22.80 points, or 2.73 percent, to close at 813.60. Chai said the Thai market would likely rise to the 820-830 point level next week.
Comments
Comments are closed.