On Thursday, Liberator Securities expects the Thai market to shrink due to political pressures after the release of a voice record between the Prime Minister Paetongtarn Shinawatra and the President of the Cambodian Senate Hun Sen shook the ruling government into a crisis mode. Furthermore, Bhumjaithai Party has announced a withdrawal from the governing coalition due to dispute over sovereignty concerns and dispute over ministerial portfolios. Additionally, other member parties in the coalition will hold a meeting to discuss the next course of action.
Meanwhile, the Federal Reserve meeting has resolved to maintain the interest rate at 4.25-4.50% range as anticipated. However, the U.S. central bank slightly decreased its economic growth outlook, while also marginally raising its inflation forecast.
The firm set a resistance level for the SET Index at 1,100 points and a support level at 1,070 points.
Yesterday, Thailand’s SET Index closed at 1,094.58 points, decreased 19.00 points or 1.71% with a trading value of THB 36.04 billion.
