Thai share prices are likely to rise slightly as investors keep a cautious eye on Thailand's political stability, which has been shaken by fears of a new coup, a dealer said on Friday. "The market is likely to rise, but will stay range-bound next week. We do not expect the market to rise much," said Pichai Lertsupongkit, senior vice president at Thanachart Securities.
"We still have to wait and see which direction Thai politics will turn and if political tensions will ease next week," he said. A small protest against Thailand's newly elected government has blockaded a main road in central Bangkok for nearly two weeks, in scenes reminiscent of rallies two years ago that led to the military coup against twice-elected premier Thaksin Shinawatra.
After elections that restored democracy following more than a year of rule by royalist generals, the same protest leaders returned to the street calling for the new Prime Minister Samak Sundaravej's government to step down.
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