On Thursday, Pi Securities expects the Thai market to extend gains due to positive sentiment in foreign markets after Nvidia posted a better-than-expected earnings result, which is also a positive sentiment for DELTA.
Furthermore, the brokerage firm anticipates buying-forces from investors speculating listed companies’ dividend announcements. Additionally, the Monetary Policy Committee (MPC)’s rate cut is also a positive catalyst for the market.
The securities firms set a resistance level for the SET Index at 1,530 points and a support level at 1,505 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,525 – 1,530 points and a support level at 1,490 – 1,503 points for today’s session due to positive surprise after the MPC cut policy rate by 0.25 percentage points, which bolstered SET Index valuation, as well as the prospect of the formation of the new government by mid-April.
The analyst house recommends accumulating stocks with the value theme such as CPALL, ADVANC, TRUE, GULF, STECON, CK, AMATA, and WHA, as well as stocks which benefited from MPC’s rate cut such as KTB, MTC,TIDLOR, AP, SPALI, SC, DIF, and CPNREIT.
Yesterday, Thailand’s SET Index closed at 1,516.01 points, increased 25.61 points or 1.72%, with a trading value of THB 95.59 billion.
