MARKET COMMENT: Thai Shares End Up 0.5%; Resistance Tipped At 1500
January 29 2013 - 5:15AM
Dow Jones News
1002 GMT [Dow Jones] Thai shares finish up 0.5% at 1478.77, with
telecom stocks leading the market's advance. "If we continue to see
positive earnings momentum (of listed companies), the market will
likely rise further," says Thanachart Securities analyst Adisak
Phupiphathirungul. Resistance is tipped at 1500, while support is
pegged at 1472. Among top actives, True Corp. (TRUE.TH) adds 2.3%
to THB6.60, TMB Bank (TMB.TH) rises 6.3% to THB2.36, Charoen
Pokphand Foods (CPF.TH) is up 1.4% at THB36.25, Advanced Info
Service (ADVANC.TH) gains 3.4% to THB212 and BTS Group Holdings
(BTS.TH) is up 3.2% at THB8.00.
(payungsak.wiriyabunditkul@dowjones.com)
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