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Stock Exchange of Thailand Seen Nudging 500 Mark by August.
Byline: Nuntawan Polkuamdee
Jun. 5--Low interest rates and technical factors could push the stock index to 500 points in August, according to Tisco Securities.
Interest rates would be an important factor supporting a broader investment in the stock market as they influenced a company's ability to repay debt.
The company expected local banks to decrease interest rates by 0.25 of a percentage point this month, given excessive liquidity in the banking system of about 800 billion to 900 billion baht.
Anant Tantuvanich, the securities director of Tisco Securities, said technical factors also supported the stock index.
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Source: HighBeam Research, Stock Exchange of Thailand Seen Nudging 500 Mark by August.