The Thailand stock market is expected to move in a narrow range next week amid continued light trading with no positive domestic or overseas factors likely to spur the bourse, an analyst said on Friday.
"Our market is likely to move narrowly sideways with light trading since there is no sign of positive factors to trigger active trading in the market," said Pichai Lertsupongkit, an analyst at Thanachart Securities.
Global factors likely to impact the local bourse next week include the release in the United States of fourth quarter growth figures on Monday, and earnings reports from American corporations such as AIG.
"For US GDP ... if it is worse than expected it could cause panic in the market," Pichai said. Poor local earnings reports and negative data on the outlook of the Thai economy this year would also continue to dampen trading, he said. The Stock Exchange of Thailand (SET) composite index lost 3.15 points or 0.72 percent over the past week to close on Friday at 431.52.
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