Foreign net buying Thursday also helped boost market sentiment. |
Overall market sentiment was boosted by the sharp gains in the regional bourses, especially rises in the Japanese market. |
Overall sentiment is poor as the anti-government rally planned for Sunday draws nearer, and investors are likely to stay away or play short-term. |
Prices quoted vary but most analysts set a target between THB50 and THB55 for Shin, so investors should keep vigilant if its price rises too high. |
The political tension is somewhat priced in by recent declines. The public is also expecting the coming rally to be peaceful, like the one last Saturday. |
Though many foreign investors are buying up blue chips on cheaper valuations, domestic players prefer to hold off ahead of the rally and the three-day weekend. |
We recommend taking short-term profit in stocks that may gain on technical rebounds until the political situation becomes clearer. |