Volatile stocks expected next week as protests escalate

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BANGKOK, 3 November 2013 The Kasikom Research Center forecasts that Thai stock indexes will still be volatile next week mainly due to political protests in the country.

Resistance and support levels of Thai stocks are expected to be 1,449 points and 1,440 points respectively from 4 – 8 November. The baht currency will move between 31.00 – 31.30 baht again the U.S. dollar, the center reported.

The center also suggested that investors closely monitor political protests against the amnesty bill and the next meeting of the European Central Bank on monetary policy. Another factor which will influence Thai stocks next week is the U.S.’ weekly announcement of important economic figures such as the consumer confidence index, employment and joblessness.