KRC:SET index should move sideway next week

BANGKOK, February 22 (TNA) - The Kasikorn Research Centre (KRC) says that the Stock Exchange of Thailand (SET) index is expected to move sideway next week, as investors await updated reports on Thai and US key economic indicators set to be released by the end of this month. The leading Thai private think tank pointed out on Saturday that investors are also waiting for significant economic data, namely production figures, of China and Japan before entering the Thai bourse. According to the Bangkok-based research firm, support for the SET index next week is expected at between 1,277 and 1,282 points, while its resistance levels are projected at between 1,333-1,342 points. Meanwhile, Kasikorn Securities Public Company Limited (KSecurities) also released a report on a similar assessment on Saturday. On Friday, the SET index closed at 1,304.21 points, down 0.58 per cent from a week earlier, and average daily trading on the Thai stock market increased 23.43 per cent from a week earlier to about 31.37 billion baht. Individual and institutional investors were net buyers this week, while foreign and securities firms were net sellers. (TNA)