Thai stocks seen rising, BankThai in focus

BANGKOK, June 24 (Reuters) - Thai stocks are expected to
rise slightly on Tuesday with domestic funds buying big-caps
for end-of-quarter window dressing, although political tensions
will continue to weigh, dealers said.

Investors could pick up banks .SETB after they reported
stronger net loans in May and as quarterly results approach,
they said.

Resistance on the main index .SETI is expected at 773-775
points and support at 760-762 points, the dealers added.

On Monday, the benchmark SET index closed unchanged at
768.90 points.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0110 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1318 0.01% 0.070
USD/JPY JPY= 107.99 0.13% 0.140
10-YR US TSY YLD US10YT=RR 4.1701 -- 0.004
SPOT GOLD XAU= 885.95 0.29% 2.600
US CRUDE CLc1 137.12 0.28% 0.380
DOW JONES .DJI 11842.36 0.00% -0.33
ASIA ADRS .BKAS 153.14 0.48% 0.73
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MARKET SUMMARY > Oil rises as supply worries outweigh Saudi
boost [O/R] > Dow, S&P end flat as financial weigh, UPS
drops late[.N] > Dollar steadies before Fed, euro zone data
eyed [USD/] > TREASURIES-Bonds slip ahead of supply, Fed
meeting [US/] > Gold rebounds after 2 pct drop in NY, eyes Fed

[GOL/]

STOCKS AND FACTORS TO WATCH

- BankThai BT.BK

Thailand's ninth-largest lender should remain in the
spotlight after the Finance Minister Surapong Suebwonglee said
he had not got a proposal from the central bank's bailout arm
to extend its limit on foreign shareholding, saying he needed
more time to review the transaction.

His comment came after Malaysia's CIMB (BUCM.KL) agreed to
buy a 42 percent stake in the small Thai lender for 5.9 billion
baht ($177 million) and planned to buy the shares from other
shareholders at the acquisition price of 2.10 baht.

- For the Thai press digest click on [ID:nBKK50510]

- 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=33.50 Baht)
(Reporting by Arada Therdthammakun; Editing by Ed Cropley)