Thai stock expected to move sideways this week

BANGKOK, Dec 21 (TNA) - The Stock Exchange of Thailand (SET) is expected to move sideways this week after the U.S. Federal Reserve decided to maintain low interest rates as investors would cautiously monitor key U.S. economic indicators and Thailand’s export data for November, according to a report issued by Kasikorn Research Centre. On Friday, the SET closed at 1,514.35 points, down 0.04 per cent from a week ago, while average daily turnover increased 12 per cent to about 70 billion baht. Kasikorn Research Centre forecast that the SET index would move sideways throughout this week as investors would be reluctant to invest as Christmas and New Year holidays are approaching. Also, investors await key U.S. economic indicators such as purchase order for durable goods, gross domestic product figures for the third quarter and house sales. (TNA)