On Tuesday, Tisco Securities expects the Thai market to trade relatively flat as last night, the oil prices have surged high and could pressure the energy stocks.
Furthermore, the brokerage firm cautioned of the selling pressure from DELTA rebalancing to maintain investment weight at below 10% threshold, as this could also pressure the market. However, the firm also expects the fund to flow toward other big-cap stocks.
The securities firm recommends investors closely monitor the second day of the policy address, and the cabinet meeting this evening.
The firm set a resistance level for the SET Index at 1,300 points, and a support level at 1,270 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,288.07 points, increased 9.33 points or 0.73%, with a trading value of THB 37.86 billion.
