On Wednesday, TISCO Securities expects the Thai market to extend gains on hopes for a Fed rate cut in the upcoming December meeting. This followed the release of slowing retail sales and jobs data from the U.S., while the 10-year bond yield dropped to 4%, giving a boost to risk assets.
The firm set a resistance level for the SET Index at 1,280-1,285 points and a support level at 1,260 points for today’s session.
On Tuesday, Thailand’s SET Index closed at 1,268.78 points, increased 16.05 points or 1.28%, with a trading value of THB 34.50 billion.
