On Tuesday, Tisco Securities expects the Thai market to decline in the opening session after the OPEC+ meeting decided to increase crude production, plunging Monday’s oil price to its lowest in four years, which could negatively impact energy stocks. Furthermore, the sliding energy stocks could also impose downside risks toward listed companies as well.
This week, the securities firm recommends investors to closely monitor listed companies’ financial statements, and Thailand’s inflation figure, which is set to release today. For overseas, the broker suggests closely monitoring the Federal Reserve meeting.
The firm set a resistance level for the SET Index at 1,215 points and a support level at 1,180 points.
Last Friday, Thailand’s SET Index closed at 1,198.98 points, increased 1.72 points or 0.14% with a trading value of THB 45,63 billion.
