On Friday, Tisco Securities expects the Thai market to trade sideways as overseas markets are anticipating the Federal Reserve rate cut in September, after some officials still had concerns about the inflation, and the U.S. economy performed better than expected.
Domestically, the securities firm recommends investors closely monitor the trial of Prime Minister Paetongtarn Shinawatra, and former Prime Minister Thaksin Shinawatra next week.
The firm set a resistance level for the SET Index at 1,255 – 1,260 and a support level at 1,228 – 1,230 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,244.79 points, decreased 3.34 points or 0.27% with a trading value of THB 49.18 billion.
