On Friday, Asia Plus Securities expects the Thai market to move relatively flat due to downward pressure from the Thai stock exchange posting a T1 Trading Alert on DELTA, which may cause a selloff that could weigh on the SET Index.
However, the brokerage firm recommends investors monitor the fund flow in big-cap stocks, as there could be speculative buy action in banking stocks in anticipation of the earnings reports.
The firm set a resistance level for the SET Index at 1,320 points, and a support level at 1,300 points, with the next support level at 1,290 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,313.99 points, increased 9.07 points or 0.70%, with a trading value of THB 43.14 billion.
