CrazyExpat Posted September 7, 2009 Report Share Posted September 7, 2009 BANGKOK, Sept 7 (Reuters) - Thai stocks are expected to trade in a narrow range on Monday, helped by recent gains on Asian bourses, but concerns about domestic politics may keep trade subdued, analysts said. "The market should trade sideways to lower due to profit taking. Domestic politics still affect the sentiment as investors will be cautious ahead of an upcoming protest," Chakkrit Charoenmetachai, an analyst with broker Far East, said. "Red shirt" supporters of ousted Thai premier Thaksin Shinawatra are planning a big rally on Sept. 19 to push for elections, raising fears of an intensification of Thailand's four-year political crisis. Support on the main index .SET is expected at 665 and resistance at 680, analysts said. In early trade, overseas markets were tracking Wall Street higher after a better-than-expected U.S. jobs report at the end of last week bolstered sentiment about an economic recovery. On Friday, the benchmark SET index rose 0.43 percent to a one-year closing high of 668.41. For the full Article: http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBKK10047020090907 Link to comment Share on other sites More sharing options...
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