Thanachart Securities analyst Adisak Phupiphathirungul said the Thai stock market was engulfed by positive news -- a possible delay in the US rate rise to December, a batch of measures in China to stabilise its stock market and bolster its economy, and the Thai government's stimulus measures to jump-start spending.
The upward momentum is expected to continue due to improving sentiment, he said.
Wilasinee Boonmasongthrong, a research manager at Globlex Securities, said market sentiment would be positive in the short term thanks to China's measures and the Thai government's stimulus.
Chaiyot Jiwangkul, another research manager at Globlex Securities, warned the market could still be volatile from global and local uncertainties including foreign investors' selling spree.
Investors should buy stocks that benefit from the baht's weakness and declining oil prices, particularly in the building and aviation sectors, he said.
Thanachart Securities analyst Adisak Phupiphathirungul said the Thai stock market was engulfed by positive news -- a possible delay in the US rate rise to December, a batch of measures in China to stabilise its stock market and bolster its economy, and the Thai government's stimulus measures to jump-start spending. The upward momentum is expected to continue due to improving sentiment, he said. Wilasinee Boonmasongthrong, a research manager at Globlex Securities, said market sentiment would be positive in the short term thanks to China's measures and the Thai government's stimulus. Chaiyot Jiwangkul, another research manager at Globlex Securities, warned the market could still be volatile from global and local uncertainties including foreign investors' selling spree. Investors should buy stocks that benefit from the baht's weakness and declining oil prices, particularly in the building and aviation sectors, he said.
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