Thai shares likely to bounce

06 Aug, 2007

Thai share prices are likely to rebound following recent losses triggered by worries over the US housing market, dealers said. "We may see a technical rebound. Foreign investors are expected to buy back shares on bargain hunting," said Chai Chirasevenupraphand, a market strategist p, after Friday's opening five special stages:
1. Marcus Gronholm (FIN) Ford Focus 38min 12.8sec, 2. Mikko Hirvonen (FIN) Ford Focus at 0.4s, 3. Sebastien Loeb (FRA) Citroen C4 9.3, 4. Chris Atkinson (AUS) Subaru Impreza 17.2, 5. Petter Solberg (NOR) Subaru Impreza 29.4, 6. Dani Sordo (ESP) Citroen C4 37.8, 7. Henning Solberg (NOR) Ford Focus 41.9, 8. Manfred Stohl (AUT) Citroen Xsara 56.8, 9. Xevi Pons (ESP) Subaru Impreza 1:05.6, 10. Juho Hanninen (FIN) Mitsubishi Lancer 1:10.3, 11. Guy Wilks (GBR) Ford Focus 1:15.2, 12. Urmo Aava (EST) Mitsubishi Lancer 1:15.3 Special stage winners; Atkinson (SS1), Latvala (SS2), Gronholm (SS3, SS5, SS6=), Hirvonen (SS4, SS6=).

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