The stock Exchange of Thailand composite index is likely to tumble further to lower than a resistance mark of 700 points, weighted down by the country’s political uncertainty and an anti-government rally by Mr. Thaksin supporters, which set for over the next two weeks, according to the Securities Analysts Association’s secretary Sombat Narawuthchai.

Mr. Sombat said a market sentiment is 70 percent influent by political factor and the rest 30 percent by the global economy. The current situation has signified that political battle is heating up.

And that mean no good to the country’s economy.

He said the SET may drop to lower than 700-mark point in fear that the demonstration of the red-shirt people may lead to violent or disorder in order to come up with results.

With the situation trend, Mr. Sombat said the Association is expected the market to move in a range of between 812 and 845 points for optimism economy and 612 points for adversary circumstances in 2010.