June 23, 2008
Bangkok - The Thai stock index was expected to undergo the swinging movement and drop further in line with the regional stock markets.
Today is the first day of trading after the People’s Alliance for Democracy (PAD) successful gathering at the Government House.
Thai stock index went up 3.6% despite selloffs for profit-taking on Friday June 20.
Asian stock markets would plunge more due to high crude oil price concerns, according to Asia Plus Securities.
The energy price factor would put more pressure on worldwide inflation rates.
Thai stock market seems to lack new factors to boost the trading.
Investors still keep up with the PAD protests though the situation is under control.
It was estimated today’s support and resistance would be at 750 and 775 respectively.
