Overall market sentiment was boosted by the sharp gains in the regional bourses, especially rises in the Japanese market.
Sukhbir Khanijoh
Foreign net buying Thursday also helped boost market sentiment.
market sentiment
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.
blue
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.
political public peaceful tension
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.
price
market japanese sentiment
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.
poor play sentiment
We recommend taking short-term profit in stocks that may gain on technical rebounds until the political situation becomes clearer.
gain political profit situation
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