Thailand shares likely to rise slightly

Thai share prices are expected to rise as further bargain hunting is expected, an analyst said on Friday. "Market is likely to rise, driven by positive momentum from this week. We can expect further bargain hunting next week," said Pongrat Ratanatavanananda, vice president at Bua Luang Securities.
"If there are no bad surprises or negative news coming next week, the market sentiment is likely to be positive and will help drive the index up," she added.The market dropped sharply by more than 10 percent on Monday, leading to an automatic suspension of trading for half-an-hour. But later in the week share prices rebounded mainly due to bargain hunting, although fears over the global financial crisis lingered.