SET Index may hit 1,500 pts in Q3: Trinity
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The Stock Exchange of Thailand Index may hit 1,500 points in the third quarter thanks to investors' escape from low-yield bonds and excess liquidity in the global financial market, said Trinity Securities.
According to Nattachart Mekmasin, research manager at the securities house, the stock market could experience the best performance this year in the third quarter, before uncertainties would kick in the fourth quarter due to the US presidential election as well as a possible rate hike in the US.
Yet, the headwinds would include the referendum on the draft charter in August as well as a sudden increase in bond yields if inflation spikes in line with energy prices.
