Kasikorn Research Center: Thai stock likely to go up this week

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BANGKOK, 17 November 2013 The Kasikorn Research Center has predicted that the Thai stock index was likely to go up this week. 

The Kasikorn Securities and the Kasikorn Research Center assessed the Thai stock during November 18th-22nd. They predicted that index would rise, but said brokers must keep an eye on the Thai GDP report for the third quarter this year as well as the US economic figures from Federal Reserve (Fed) meeting.

Major factors from the US are real estate and production indices. The Kasikorn Securities estimated the Thai stock’s support levels at 1,405 and 1,385, and the resistance levels at 1,420 and 1,435 for the week. Meanwhile, Thai baht is expected to value around 31.40-31.70 baht against the greenback.