BANGKOK, 06 Jan 2014, Kasikorn Assets Co. Ltd (K-Assets) and Kasikorn Research Co. Ltd (K-Research) have forecast that this week’s stock market index will likely fluctuate, with a chance of contraction; citing lpcal political tension and the result of the U.S. Federal Reserve meeting as the key influencing factors.
K-Assets has also predicted this week’s resistance levels of 1,235 – 1,280 points and support levels of around 1,160 to 1,200 points for the Set index.
The baht currency trading value could move between 32.90 baht to 33.20 baht per U.S. dollar next week, said the companies, adding that, aside from the ongoing political upheaval, the U.S.’s key economic performance is also another factor affecting the baht’s value.
Last week the Thai baht reached its lowest value in 4 years at 33.03 baht against the greenback before settling at 33 baht per dollar, in line with most of other Asian currencies, which are not performing well at the moment.
