The SET index has risen about 50 points since early June, thanks to a combination of positive factors: Re-balancing of the MSCI for more weight in Thai stocks, formation of the new government and expectation of a cut in Fed rates. 

The SET Index is expected to continue moving sideways. Shortterm investors may continue to hold stocks, while longterm investors wait to accumulate stocks when the index reaches 1,620 points. Local political factors continue to erode foreign investors’ confidence, especially the vague voting count of the election.