On Tuesday, FSS International Investment Advisory Securities expects the Thai market to trade sideways, as investors are closely monitoring the Constitutional Court’s consideration regarding the petition against Prime Minister Paetongtarn Shinawatra in the case of a leaked conversation with the President of the Senate of Cambodia Hun Sen. If the court rejects the case, this could help bolster the Thai market, however, if the court accepts the case, it may become a headwind instead.
Furthermore, investors are also monitoring US-Thai trade talk, especially after the U.S. President Donald Trump decided to not postpone the “Liberation Day” tariffs any further.
The firm set a resistance level for the SET Index at 1,100 points and a support level at 1,080 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,089.56 points, increased 7.14 points or 0.66% with a trading value of THB 47.22 billion.
