On Thursday, FSS International Investment Advisory Securities expects the Thai market to trade sideways-up as foreign markets closed down during the Christmas Holiday.
Meanwhile, Santa Rally and Window Dressing are expected to bolster the Thai market on the year’s end.
The securities firm set a resistance level for the SET Index at 1,280 points, and a support level at 1,270 points for today’s session.
Daol Securities expects the Thai market to react positively to the Thai-Cambodian border situation, which has shown improvement following ceasefire negotiations. This occurred amid thin trading volume as many international markets had closed down during the Christmas Holiday.
If the SET index rises above the 1,280-point mark, the securities house recommends “Buy” during this period.
Meanwhile, major political parties have already announced their prime ministerial candidates, with only the Democrat Party left to introduce their candidate this Friday. Most party’s policies focus on building infrastructure such as education, elderly care, and economic stimulation.
Yesterday, Thailand’s SET Index closed at 1,275.33 points, increased 4.22 points or 0.33%, with a trading value of THB 28.61 billion.
