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    <title>Business Recorder - Markets - Financial</title>
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    <description>Business Recorder</description>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 13 Aug 2026 10:09:30 +0500</pubDate>
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      <title>Thai stocks seen rangebound; earnings plays support</title>
      <link>https://www.brecorder.com/news/8985/thai-stocks-seen-rangebound-earnings-plays-support</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/Stock-Exchange2.jpg" width="400" height="266" /&gt;BANGKOK: Thai stocks may move narrowly on Monday, with optimism about good corporate earnings bolstering some selective buying, but weakness in broader Asian stock markets would keep investors cautious.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Positive expectations about the first quarter results will support the market. But the market may also face some profit taking after the main index's rally last week," said Parin Kitchaotornpitak, a senior analyst at broker Far East Securities.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The benchmark SET index edged up 0.32 percent on Friday at an 11-week high of 1,037.73, led by a 4 percent rise in top oil refiner Thai Oil due to hopes for better margins.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The market racked up $196 million of foreign inflows last week, the exchange said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Resistance for the main index was seen at 1,040 and 1,045, with support at 1,030, analysts said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Asian shares slipped on Monday on persistent anxiety over the tension in the Middle  East and in Japan after the destructive quake and tsunami two weeks ago.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;MSCI's index of Asian shares outside Japan was down 0.13 percent by 0239 GMT.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/b&gt;&lt;/i&gt;&lt;br /&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/Stock-Exchange2.jpg" width="400" height="266" />BANGKOK: Thai stocks may move narrowly on Monday, with optimism about good corporate earnings bolstering some selective buying, but weakness in broader Asian stock markets would keep investors cautious.</p>
<p class="MsoPlainText">"Positive expectations about the first quarter results will support the market. But the market may also face some profit taking after the main index's rally last week," said Parin Kitchaotornpitak, a senior analyst at broker Far East Securities.</p>
<p class="MsoPlainText">The benchmark SET index edged up 0.32 percent on Friday at an 11-week high of 1,037.73, led by a 4 percent rise in top oil refiner Thai Oil due to hopes for better margins.</p>
<p class="MsoPlainText">The market racked up $196 million of foreign inflows last week, the exchange said.</p>
<p class="MsoPlainText">Resistance for the main index was seen at 1,040 and 1,045, with support at 1,030, analysts said.</p>
<p class="MsoPlainText">Asian shares slipped on Monday on persistent anxiety over the tension in the Middle  East and in Japan after the destructive quake and tsunami two weeks ago.</p>
<p class="MsoPlainText">MSCI's index of Asian shares outside Japan was down 0.13 percent by 0239 GMT.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p>
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      <category>Markets</category>
      <guid>https://www.brecorder.com/news/8985</guid>
      <pubDate>Mon, 28 Mar 2011 04:58:20 +0500</pubDate>
      <author>none@none.com (Abdul Ahad)</author>
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