Thai stock index sank 6.6% in the three months through June
An investor looks at a board indicating stock prices at Asia Plus Securities in Bangkok. (Photo: Pornprom Satrabhaya)
Thailand’s stocks may rebound in the fourth quarter as the appointment of a new government will likely bolster optimism about the prospects of fiscal stimulus spurring sluggish economic growth, according to a survey of analysts.
The nation’s benchmark SET Index may rise to as high as 1,643 in the fourth quarter, according to Investment Analysts Association, a group of local stock analysts. The prediction implies a 9.3% increase from the end of June. The group cited a survey of 25 securities companies in…
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