MARKET COMMENT: Thai Shares Likely Higher; Resistance At 1550

By Dow Jones Business News,  February 26, 2013, 08:21:00 PM EDT


0106 GMT [Dow Jones] Thai shares are likely to stage a rebound as upbeat sentiment from Wall Street Tuesday is expected to lift the local market after Fed Chief Bernanke indicated that quantitative easing will continue. "We recommend that investors buy stocks at current levels," says KT Zmico Securities first vice president Charoen Iamphattanatham. He expects that small to medium-market cap stocks will outperform the market. Resistance is put at 1550, while support is pegged a 1527. The benchmark SET index ended 0.6% lower 1530.32 Tuesday. (oranan.paweewun@ dowjones.com)

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  (END) Dow Jones Newswires
  02-26-132021ET
  Copyright (c) 2013 Dow Jones & Company, Inc.

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