SET index this week is expected to show a lower-than-expected performance

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BANGKOK, 28 April 2014 – According to Kasikorn Research Center Company Limited and Kasikorn Asset Management Company Limited, the SET index this week would likely become weaker as investors are expected to sell their shares to make short term profits. 

The companies predicted the key international influence factors include the US Real Estate performance figure, ISM Manufacturing index, first quarter’s GDP figure, and employments in the non-agricultural sector.

K-Asset predicted that this week’s resistance would likely be in the range of 1,426-1,430 points and 1,450 points, respectively while support level should be around 1,400 to 1,393 points.

The forecast was based on last week’s figures which adjusted up from preemptive purchases before diving down as the week progressed thanks to concerns over economic figures from China and Ukraine.

The week concluded at 1,408.16 points, a decrease of 0.07% from the previous week with average trading of 32.79 billion baht.