On Monday, Asia Plus Securities expects the Thai market to trade sideways with volatility, though the movement may be limited. Negative factors include geopolitical uncertainties, fund flows toward safe haven assets, as well as the outbreak of Nipah Virus.
For this week, the brokerage firm recommends investors closely monitor the first Federal Reserve meeting of the year.
The securities firm set a resistance level for the SET Index at 1,320 points, and a support level at 1,300 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,314.39 points, increased 2.75 points or 0.21%, with a trading value of THB 50.90 billion.
