SET index may fall to 1,200 pts
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There is a possibility that the Stock Exchange of Thailand Index will hit a new low of 1,200 points or below in the first quarter, said Tisco Securities.
In a research note, it cites China's economic shrinkage, volatile oil prices and downward revision in listed companies' earnings as the reasons.
"There is also a chance that all would improve and in that case, the index can rebound to 1,300 points," it said.
Yesterday, the index gained 0.43 per cent. At 3.42pm, it stood at 1,273.06 points, losing 5.55 points or 0.43 per cent. Until yesterday, the index shed 0.73 per cent so far this year.
At the close, the index was 1,263.29, losing 15.32 points or 1.20 per cent.
