The SET index is expected to move narrowly sideways as political tension and the US-China trade row keep confidence at bay. Market participants are keeping a close watch on the prime minister nomination and cabinet line-up. "The capital market has absorbed expectations that the new cabinet will be a fragile government coalition," Mr Paiboon said. If market participants expect the new government's tenure to be short-lived, foreign investors will have a short-term investment view in Thailand's capital market, resulting in short-term capital inflows, he said. The SET index is projected to move between 1,580 and 1,680 points in the short run, according to the IAA.

Source: Bangkok Post May 17, 2019 23:26 UTC