On Monday, Asia Plus Securities expects the Thai market to trade sideways-up along with the foreign markets, as last Friday night, the Federal Reserve’s governor signaled a rate cutting trend, and showed a more relaxed monetary policies. This has become an upside factor for stock markets.
Domestically, the securities firm still recommends investors closely monitor the trial of Prime Minister Paetongtarn Shinawatra’s audio clip case later this week.
The firm set a resistance level for the SET Index at 1,265 – 1,270 and a support level at 1,245 – 1,250 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,253.39 points, increased 8.60 points or 0.69% with a trading value of THB 37.99 billion.
