Thai stock expected to move higher

Thailand's stock market is likely to rise due to positive sentiment about US rescue plans for the global financial sector, analysts said Friday. "The market is likely to rise next week, particularly in the early week.
The main reason is market sentiment is likely to continue to be positive following US plans to curb the current financial crisis," said Kavee Chukitkasem, assistant managing director at Kasikorn Securities. Financial turmoil in the US, highlighted by the collapse of banking giant Lehman Brothers, this week led to fears of a global crisis.