On Monday, FSS International Investment Advisory Securities expects the Thai market to trade sideways to sideways-up after sharply plunging last week. Furthermore, sentiments in foreign markets are slightly positive after the U.S. announced a slower-than-expected employment decline, which bolsters inflows into risky assets.
For this week, the banking sector will gradually announce its financial reports.
The securities firm set a resistance level for the SET Index at 1,265 points, and a support level at 1,250-1,248 points for today’s session.
Daol Securities anticipates the Thai market to move with volatility, with investors awaiting President Donald Trump’s tariff trial this week.
Recently, the Thai market has been trading with weak volume, which caused the SET Index to move unpredictably. This compelled investors to cycle their portfolio daily based on news and impacting factors.
For this week, major impacting factors, other than Trump’s tariff trial, include the geopolitical situation in various regions such as Russia, Iran, Venezuela, as well as the U.S. ambition in Greenland.
The brokerage firm set a support-resistance level for the SET Index at 1,242-1,285 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,254.09 points, increased 0.49 points or 0.04%, with a trading value of THB 32.66 billion.
