On Tuesday, Tisco Securities expects the Thai market to trade sideways regardless of Thai-Cambodian ceasefire agreement, as DELTA reported lower-than-expected earnings, and risk to fund flow consistency from plunging Thai baht. Furthermore, the uncertainty in trade talk with the U.S. amid the August 1 deadline also weighed on the SET Index.
The securities firm recommends investors closely monitor the Federal Reserve meeting and US’ consumers confidence index.
The firm set a resistance level for the SET Index at 1,230 points and a support level at 1,200-1,205 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,217.15 points, increased 4.66 points or 0.38% with a trading value of THB 36.91 billion.
