After losing 3% last week, the Stock Exchange of Thailand (SET) index is likely to remain on a downward trend amid lingering concerns and fiscal uncertainties after the general election, analysts say.
The SET index lost 24 points to slip below 1,500 points in early morning trade on Monday, against rallies of regional stock markets amid optimism regarding US-China ties, while US debt ceiling talks were slated to resume. However, Thai shares recovered and finished in the green by midday, and then closed at 1,529.24 points on Monday, up 0.95%, in trade worth 55.5 billion baht.
