Thai stocks likely to rise on inflows, firm energy shares

BANGKOK, Oct 12 (Reuters) - Thai stocks are expected to
edge higher on Monday, supported by foreign inflows and
overseas strength after Wall Street hit a closing high for the
year.

Energy shares .SETEN, buoyed firmer oil prices, are
likely to rise along with electronics companies .SETEC and
other exporters on hopes of global economic turnaround, traders
said.

"We see a wave of fund inflows continuously. It is possible
the index will pass through resistance of 750 points today,"
said Asia Plus Securities analyst Therdsak Taveeteeratham. He
sees support at 740.

Te benchmark SET index .SETI ended Friday at 746.87, its
highest in 15 months and up 0.38 percent on the day.

Foreign investors bought a net 7.82 billion baht ($235
million) of Thai shares over the past four days, raising net
inflows this year to 65 billion baht ($1.95 billion).

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0058 GMT
------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1071.49 0.56% 6.010
USD/JPY JPY= 90.07 0.41% 0.370
10-YR US TSY YLD US10YT=RR 3.3914 -- 0.000
SPOT GOLD XAU= 1049.75 0.14% 1.500
US CRUDE CLc1 72.07 0.42% 0.300
DOW JONES .DJI 9864.94 0.80% 78.07
ASIA ADRS .BKAS 123.77 -0.10% -0.12
-------------------------------------------------------------
MARKET SUMMARY > Oil tops $72 on bullish sentiment, IEA demand
forecast[O/R] > Dow hits 2009 closing high on earning optimism

[.N] > Dollar firm on yen after jump, rate view helps

[USD/] > Bonds tumble on Fed tightening fears
[US/] > Gold slips, taking breather as dollar rebounds
[GOL/]

STOCKS AND FACTORS TO WATCH

- PTT Exploration and Production PTTE.BK

The company halted operation in a part of its Bongkot
natural gas field in the Gulf of Thailand for temporary repair,
its parent firm PTT PCL PTT.BK said. [ID:nBKK464855]

- Thai Airways International THAI.BK

The national carrier told the stock exchange its board
approved the appointment of Piyasvasti Amranand as President,
effective from Oct. 19.

- Thai Central Bank Governor Tarisa Watanagase said the
Thai baht THB= had only marginally appreciated when compared
against a basket of currencies of important trading partners,
she told a Swiss newspaper. [ID:nL9678651]

- For the Thai press digest click on [PRESS/TH]

- For Thailand's IPO diary click on <TH/IPOMENU>

- For Thailand's stock exchange news click on [TH-SET]

- For Thailand corporate earnings: [TH-RES-RTRS]

- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=33.32 Baht)
(Reporting by Arada Kultawanich; Editing by Jason Szep)