On Tuesday, Tisco Securities expects the Thai market to rebound along with regional trends after U.S. President Donald Trump announces the ceasefire between Israel and Iran.
However, Thai market recovery is likely to be limited as the SET Index will be pressured by energy stocks following the escalating Thailand-Cambodia border dispute, as the Thai government ordered the closure of all Thai-Cambodia border crossings. Furthermore, the political situation in Thailand remains unclear.
The securities firm recommends investors closely monitor both U.S. housing prices in April, and CCI figures, as well as Thailand political situation.
The firm set a resistance level for the SET Index at 1,080 – 1,090 points and a support level at 1,050 – 1,055 points.
Yesterday, Thailand’s SET Index closed at 1,062.78 points, decreased 4.85 points or 0.45% with a trading value of THB 32.50 billion.
