On Tuesday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to slightly rebound due to a positive factor from Iran urging Arab countries to cease quarrel through diplomatic negotiation. However, a resolution to the Middle Eastern conflicts may pressure Thai energy stocks due to decreasing crude prices.
Domestically, the Thai market still lacks supporting factors.
The firm set a resistance level for the SET Index at 1,130 points and a support level at 1,100 points.
Yesterday, Thailand’s SET Index closed at 1,114.49 points, decreased 8.21 points or 0.73% with a trading value of THB 41.12 billion.
