On Tuesday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways or sideways-up due to investors confident in economic recovery, after there is a clarity on new outsider ministers, and inflows of funds strengthening the baht.
Furthermore, the prospect of Federal Reserve rate cuts also bolster the market sentiment.
The firm set a resistance level for the SET Index at 1,275, and a support level at 1,260 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,266.11 points, increased 1.31 points or 0.10% with a trading value of THB 54.54 billion.
