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BANGKOK - Thai stocks are expected to track rises in other Asian markets on Monday as improvements in credit markets buoyed investor confidence amid interest rate cuts by central banks worldwide, analysts said.
Sentiment should also be helped by October consumer price data later in the day, with inflation expected to fall again
because of a drop in oil prices.
"We believe the Thai market could extend its gains on Monday, in a kind of bear market relief," KGI Securities
analyst Rakpong Chaisuparakul said in a research note.
Brokers Siam City Securities put resistance on the main Thai stock index at 420-430 and support at 400.
On Friday the index closed up 2.01 percent at 416.53.
Some dealers attributed late profit-taking to political worries ahead of a rally of supporters of ousted Prime Minister
Thaksin Shinawatra on Saturday, but it passed off without incident.
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