KRC predicts stock index to rise this week

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BANGKOK, 11 March 2013 Kasikorn Research Center (KRC) has forecast that the stock index in Thailand is likely to go higher this week. However, despite the rising trend, investors should be cautious of the negative impact from the massive stock sale ,

In addition to the research by KRC, the Stock Exchange of Thailand (SET) has also predicted similar trend for this week. As for an economic and consumer confidence indices in the U.S., their numbers will be at the support levels of 1,535 and 1,514 respectively; while the resistance lines are predicted at 1,588 and 1,600.