Reuters: Financial Services and Real Estate: Thailand - Market factors to watch - April 2

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Thailand - Market factors to watch - April 2 Apr 2nd 2012, 02:46 Tweet Share this Email Print Sun Apr 1, 2012 10:46pm EDT BANGKOK, April 2 (Reuters) - Thai stocks are expected to be rangebound on Monday, with gains in Asian shares supporting broad market sentiment while investors are likely to continue taking quick profit in the rallying Thai stock market. Asian shares kicked off the second quarter in positive territory on Monday as risk appetite returned after China manufacturing data dispelled fears of a hard landing for the world's second-biggest economy. At 0148 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.52 percent. On Friday, the benchmark SET index ended down 0.59 percent at 1,196.77 as big caps such as PTT Pcl fell to profit-taking. The SET index had risen 16.7 percent this year, Southeast Asia's second-best performer. Domestic institutions sold 2.7 billion baht ($87.52 million) worth of shares on Friday, while foreign investors bought a net 1.3 billion baht ($42.14 million), stock exchange data showed. Profit-taking could cap the main index at 1,200, with support seen at 1,195, said broker KTB Securities (Thailand). "We expect consolidation on the SET index in the near term but the long-term trend remains positive, with good support from the domestic economy and corporate performances," said senior analyst Parin Kitchatornpitak. Click for cumulative trading value by investor type. MARKET SUMMARY > Wall St closes stellar quarter on up note > Oil ends quarter up 14 pct on Iran, supply problems > Yen slips, Aussie jumps as China data cheers > Bonds fall to end worst quarter since Q4 2010 > Gold edges up on weaker dollar after China, US data - For the Thai press digest click on: - For Thailand's stock exchange news click on: - For Thailand corporate earnings: - For Thailand economic forecast: ASIA-PACIFIC STOCK MARKETS: Pan-Asia...... Japan....... S.Korea... S.E. Asia..... Hong Kong... Taiwan.... Australia/NZ.. India....... China..... * OTHER MARKETS: Wall Street .. Gold ....... Currency.. Eurostocks... Oil ........ JP bonds... ADR Report ... LME metals. US bonds.. Stocks News US Stocks News Europe * DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Thailand diary Wall Street Week Ahead Eurostocks Week Ahead * TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: topnews.session.rservices.com * LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Thai baht LME price overview ($1 = 30.85 baht) (Reporting by Viparat Jantraprap; Editing by Chris Lewis) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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