No replies to this topic

[CrazyExpat]

BANGKOK, Sept 7 (Reuters) - Thai stocks are expected to
trade in a narrow range on Monday, helped by recent gains on
Asian bourses, but concerns about domestic politics may keep
trade subdued, analysts said.

"The market should trade sideways to lower due to profit
taking. Domestic politics still affect the sentiment as
investors will be cautious ahead of an upcoming protest,"
Chakkrit Charoenmetachai, an analyst with broker Far East,
said.

"Red shirt" supporters of ousted Thai premier Thaksin
Shinawatra are planning a big rally on Sept. 19 to push for
elections, raising fears of an intensification of Thailand's
four-year political crisis.

Support on the main index .SET is expected at 665 and
resistance at 680, analysts said.

In early trade, overseas markets were tracking Wall Street
higher after a better-than-expected U.S. jobs report at the end
of last week bolstered sentiment about an economic recovery.

On Friday, the benchmark SET index rose 0.43 percent to a
one-year closing high of 668.41.

For the full Article:

http://www.reuters.c...K10047020090907