Market Update 19/10 – 23/10
In what was a shortened week the market continued its rather impressive rally for the month with the SET up 5% led mainly by resources and financials. Can it continue? Who knows….will oil prices recover to 60, 70, 80? If so yes, will financials finally show some strong #’s….depends upon the economy, these coming weeks are going to lead to a lot of late nights w/ 3Q15’s coming out, some market commentators are still pushing that next year will be a huge recovery whereas KBANK comes out to revise down ’16 projections, it’ll be interesting to say the least.