On Thursday, TISCO Securities expects the Thai market to trade sideways, as the selling pressure in tech stocks offset tailwinds from energy stocks, which benefited from rising crude prices.
Furthermore, fund inflows are likely to occur only after the political situation becomes clearer following the election.
Kingsford Securities anticipates that the SET index will move relatively flat ahead of the Sunday election, as investors are monitoring the formation of a new government.
The securities house recommends accumulating value stocks such as ADVANC, GULF, PTT, PTTPE, SCC, and CPALL, as these stocks poised to benefit from foreign fund inflows, as well as tourism stocks including AOT, MINT, CENTEL, ERW, CPN, and AWC, which are benefiting from the current high season and the Lunar New Year festival.
Both securities firms set a resistance level for the SET Index at 1,350-1,360 points and a support level at 1,335-1340 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,346.54 points, increased 10.43 points or 0.78%, with a trading value of THB 53.3 billion.
