On Tuesday, Tisco Securities expects the Thai market to trade sideways-down with thin volume along with regional markets’ trend, as baht has rapidly depreciated following the measures by the Bank of Thailand to stabilize baht, which exert downward pressures on fund inflows. Although, the brokerage expects RMF inflows to buoy the Thai market. Furthermore, the rebound in global oil price is estimated to support the market.
Kingsford Securities expects the SET Index to stabilize before the New Year Holiday, and during the election campaigns. The analyst firm recommends stocks with safe haven and high-dividend themes such as HMPRO, PTT, PTTEP, SCB, KTB, CPNREIT, WHART, BCH, and LH.
Both securities firms set the year’s end resistance level for the SET Index at 1,260-1,270 points, and a support level at 1,240-1,250 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,254.03 points, decreased 5.22 points or 0.41%, with a trading value of THB 23.70 billion.
