Stocks set for another week of decline

After slipping below 1,400 points last Friday, the Stock Exchange of Thailand (SET) index is likely to remain on a downward trend this week, possibly reaching 1,330-1,350 points as negative factors linger, according to analysts.

Wikij Tirawannarat, senior vice-president of Bualuang Securities, said the bourse was under pressure last week from an elevated US bond yield, which continued to fluctuate moving into this week.

“If bond yields continue to rise, inflation would be affected and so too the interest rate,” said Mr Wikij. “The SET remains fragile this week and an index of around 1,330-1,350 points is possible.”

He urged short-term equity investors to adopt a “wait-and-see” stance.

Rakpong…