BANGKOK, April 10 (Reuters) - Thai shares are expected to
trade in a narrow band on Friday, with political worries
offsetting the positive effect of a rise on Wall Street as
anti-government protests spread, analysts said.
Prime Minister Abhisit Vejjajiva has called a holiday for
Friday, taking people off the street to give the authorities
room to nip the political unrest in the bud and provide better
security at an Asian summit. [nBKK467316]
Investors were already winding down, anyway, ahead of the
three-day Songkran holiday from Monday.
All Thai financial markets will be open on Friday.
"The SET is probably still going to rise but will
underperform others in Asia and the real drag for this,
certainly, will be politics," said Sukit Udomsirikul, a senior
analyst with Siam City Securities.
"What's more worrying is how the protesters are heading to
intervene in the ASEAN summit. If things become disrupted,
that
will seriously affect investment sentiment," Sukit said.
Source: uk.reuters.com
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