On Tuesday, TISCO Securities expects the Thai market to move sideways after having surged for four consecutive trading days.
The market is still experiencing some volatility from the U.S.-Europe geopolitical tension, particularly with tit-for-tat tariffs, while it could potentially benefit from fund outflows from the U.S. and European markets toward Asian markets.
The securities firm set a resistance level for the SET Index at 1,290-1,295 points, and a support level at 1,280-1,285 points for today’s session.
Daol Securities stated that the Thai market performed well, with the SET Index rising to above 1,281 points.
For today, the brokerage firm expects the market to extend gains, as opposed to the foreign markets that faced negative factors, especially geopolitical tension surrounding Greenland, and a potential trade war from U.S. President Donald Trump 10% tariffs threat on eight European nations.
Investors are also monitoring Trump’s speech during the World Economic Forum at Davos tomorrow, as well as the Supreme Court verdict on the tariff case.
Yesterday, Thailand’s SET Index closed at 1,283.20 points, increased 7.60 points or 0.60%, with a trading value of THB 36.14 billion.
