On Tuesday, Tisco Securities expects the Thai market to trade sideways-up from extended gains in DELTA following last night rallies in overseas tech stocks. Furthermore, the U.S. and European markets also surged last night due to progress in the U.S.-China trade talks.
However, the brokerage firm advised caution as the index rises, since a large number of sectors in the market declined yesterday. Furthermore, fund flows have started to turn negative, increasing the risk of profit-taking when stock prices go up.
The firm set a resistance level for the SET Index at 1,335 points, and a support level at 1,320-1,310 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,323.52 points, increased 9.61 points or 0.73%, with a trading value of THB 53.32 billion.
