On Monday, Asia Plus Securities expects the Thai market to trade sideways, as investors are monitoring today’s cabinet policy address, which is anticipated to provide further clarity in the short-term economic stimulus measures.
Furthermore, the U.S. PCE inflation came out inline as forecasted, which delayed the surging bond yield and the US dollar. This caused fund inflows into Asian markets.
The firm set a resistance level for the SET Index at 1,290 points, and a support level at 1,270 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,278.74 points, decreased 9.52 points or 0.74%, with a trading value of THB 36.24 billion.
