"Greece will stay in euro zone": Kiatnakin
Kiatnakin Securities expected the better-than-expected aftermath of the Greek elections.
Based on the latest election poll, it is 100 per cent convinced that Greece will stay in the euro zone, and this may be known right after the elections not the European Leader Summit during June 28-29.
"If the results do not differ from the latest poll, after the election, the political parties which formed the old government would return to power. (Given that these parties are pro-bailout), this should ease all concerns lingering on since May 6," it said.
As the intensifying tensions in the Euro Area are the key factors that pressure the Thai stock market, the brokerage house noted that the SET Index this week would face huge volatility, but the index should not fall below 1,135 points. Meanwhile, after the Greek elections, the index has a chance to head towards 1,210-1,248 points.
