On Friday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways-up as investors price in a positive sentiment on prospects of the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping next week. Moreover, the market is also anticipated to be bolstered by rising oil prices after Washington announced sanctions on major Russian oil companies, potentially supporting energy stocks.
The firm set a resistance level for the SET Index at 1,310 points and a support level at 1,290 points for today’s session.
On Wednesday, Thailand’s SET Index closed at 1,302.35 points, increased 11.63 points or 0.90%, with a trading value of THB 51.17 billion.
