KRC predicts continued trade volatility on Thai stocks for coming week


BANGKOK, 19 February 2012 – The Kasikorn Research Center (KRC) has predicted that Thai stock trade will continue to see further volatility in this coming week. 

Last week, the Stock Exchange of Thailand (SET) index closed 1.5% higher at 1,129.93 points, with the daily trade turnover of THB35.56 billion, or nearly 1.6% higher than in the preceding week, and foreign investors being the market’s only net buyers.

KRC elaborated that Thai stock trade was volatile last week, mainly due to worries over Greece’s debt woes and the 3 Bangkok blasts, although it was later buoyed by foreign capital inflow and rising oil prices.

For this coming week (February 20th-24th), the Center believes that investors will continue to experience further volatility on the Thai exchange, with more foreign capital expected to flow into the market. However, KRC also warns that profit-taking may be substantial while all eyes will be kept on an Euro Zone meeting to discuss the second bailout for Greece and the country’s Private Sector Initiative (PSI), as well as Thailand’s Q4-2012 GDP report.