BANGKOK, 8 September 2014 – The Thai Stock Market is set to become volatile again as a result of profit-taking from various investors after the market has climbed for the past few weeks.
Kasikorn Research Center (KResearch) has predicted that the SET Index might have a slight correction this week as a result of profit-taking. The bank has encouraged investors to closely follow the new government’s policies, to be delivered on September 9, and follow important economic figures in the US.
As the Fed is poised to raise interest rates, it would affect the stock market in Thailand and other foreign markets as well, KResearch said. Meanwhile, the baht is expected to fluctuate between 32 baht to 32.30 baht per US dollar.
