Thai market likely to move narrowly

The Thai market is likely to move narrowly as no new factors are expected to stimulate trade, an analyst said Friday. The bourse has seen light trading in recent weeks as most investors remain sidelined until the full effects of the global economic downturn on the Thai economy can be known.
"The market is likely to see further light trading. News from the United States and Europe on the global financial and economic problems will continue to influence the market," said Pichai Lertsupongkit, an analyst at Thanachart Securities. The Stock Exchange of Thailand (SET) composite index fell 12.01 points or 2.78 percent over the past week to close at 419.51 on Friday.