On Wednesday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways-up following a positive sentiment from the U.S. lower-than-expected CPI data, fueling the prospect of rate cuts from the Federal Reserve, causing the majority of Asian markets to soar.
The securities firm recommends investors closely monitor today’s Monetary Policy Committee meeting.
The firm set a resistance level for the SET Index at 1,270 and a support level at 1,250 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,259.07 points, decreased 6.08 points or 0.48% with a trading value of THB 51.23 billion.
