Bangkok - Thai shares rose 2.86 per cent Wednesday as investors bid up prices following the announcement that potentially violent weekend protest rallies had been postponed, brokers said. The Stock Exchange of Thailand index ended at 695.58, up 19.3 points.
"The postponement of the opposition ... protests came as a relief to investors who jumped at the opportunity to speculate," said Terehak Taveethirathan, a broker with Asset Plus Securities.
"The political issues are still very much out there and unresolved so I think investors are going to remain quite cautious on that front," he added.
Leaders of the protest movement loyal to fugitive former prime minister Thaksin Shinawatra said Wednesday they have put off protests aimed at bringing down the government out of respect for King Bhumibol Adulyadej whose birthday is on December 5th.
