BANGKOK, 19 Dec 2013 Stock Exchange of Thailand (SET) index on Wednesday afternoon rose 12.68 points or 0.95%, closing at 1,349.86 points. The trade value was 31.7 billion baht.
Yesterday’s tradings were mostly moving in the positive zone, hitting the highest level of 1,353.97 points and the lowest at 1,340.66 points. There were 385 shares on the rise, 265 shares on decline, and 224 shares unaffected.
Thanachart Securities’ stock analyst explained the Thai stocks rose to match the Asian market’s trend. The analyst also said that the possibility of the U.S. Federal Reserve to maintain the current level of the Quantitative Easing and the continuing purchases of LTF and RMF funds have contributed to yesterday’s positive activities. The analyst also expects Window Dressings to continue as the year’s end is fast approaching.
The same analyst also predicts today’s market to resume rebounding, anticipating the resistance and support levels of stock market at 1,345 points and 1,365 points respectively.