BANGKOK, 25 August 2014 – Analysts have predicted that the SET Index of Thailand would continue to rise this week due to a positive sentiment about the designation of a new Cabinet.
Kasikorn Research Center (KResearch) predicts that the market for the week of August 25-29 would be volatile. However, there is a greater chance that the SET Index would keep rising, thanks to a development towards prospective formation of a new Cabinet.
Investors are also advised to look into external factors such as the meeting of the Federal Reserve as well as the conflicts in the Middle East and Ukraine. As for domestic factors, investors are urged to closely follow Thailand’s economic and commercial figures.
Meanwhile, the baht is set to fluctuate around 31.90 baht to 32.30 baht per US dollar.