SET index likely to reach 800 next year
- Published: 17/11/2009 at 09:56 AM
- Online news: Breakingnews
The Stock Exchange of Thailand (SET) composite index is now recovering and it could rally up to a level of 800 points next year, Nattarin Talthong, executive director of Kasikorn Securities, said on Friday.
“The SET index for this year could end at 710 points,” Miss Nattharin said. Negative factors that could hamper the capital market’s recovery included the Map Ta Phut industrial impasse, the ongoing political uncertainty and the diplomatic row between Thailand and Cambodia.
She expected the country’s economic expansion for 2010 would be 3.0-3.5 per cent instead of a contraction of 3 per cent as earlier forecast.
“This is because the 1.4 trillion baht investment budget under the Thai Khem Kaeng (Strong Thailand) economic stimulus scheme of the government would help boost the economy over the next two years,” she said.
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- Writer: Online Reporters
- Position: Online Reporters
