On Wednesday, Asia Plus Securities expects the Thai market to trade sideways within range. However, the positive sentiment from the beginning of the “Half-Half Plus” co-payment initiative, which aims to stimulate domestic consumption, could potentially bolster the market.
Meanwhile, the analyst suggests investors monitor the Federal Reserve meeting, which will convene tonight to discuss interest rate policy. The U.S.-China trade talks are also in focus.
The firm set a resistance level for the SET Index at 1,320 points, and a support level at 1,310 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,314.28 points, decreased 9.24 points or 0.70%, with a trading value of THB 44.03 billion.
