On Friday, Tisco Securities expects the Thai market to challenge the resistance level of 1,300 points with supporting factors from the prospect of Federal Reserve rate cuts in next week’s meeting, after the inflation came out as anticipated. Meanwhile, U.S. 10-years bond yields have plunged to weakest in six months, bolstering the investment climate.
Furthermore, emerging markets are also buoyed by Nasdaq reaching record high, helping DELTA boost the Thai market.
The firm set a resistance level for the SET Index at 1,300-1,320, and a support level at 1,280 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,288.03 points, increased 9.98 points or 0.78% with a trading value of THB 46.75 billion.
