The Investment Analysts Association (IAA) has revised down its estimate for the Stock Exchange of Thailand (SET) index this year to 1,630 points from 1,707, indicating domestic politics, interest rates and geopolitics are still factors to monitor in the third quarter.
IAA secretary-general Sombat Narawutthichai said domestic politics, interest rate movements by the US Federal Reserve, the global economy, and geopolitics are factors likely to drive the stock market in the third quarter.
A survey of analysts and fund managers from more than 25 companies revealed that the SET index's movement is expected to be sideways for the remainder of this year, changing little from the second quarter within a range of 1,601-1,650 points.
