On Friday, TISCO Securities expects the Thai market to edge down due to concerns of accelerating inflation from sustained high oil prices, which raised bond yields.
Moreover, tensions from the Middle East uncertainty has strengthened the US dollar, which weighted the investment climate.
The securities firms set a resistance level for the SET Index at 1,480 points and a support level at 1,450 points for today’s session.
Kingsford Securities set a resistance level for the SET Index at 1,470 – 1,475 points and a support level at 1,440 – 1,450 points for today’s session, forecasting the Thai market to slide from MSCI reducing Thai stocks weighting in May.
Meanwhile, investors are monitoring the situation in the Middle East, as well as the economic cabinet meeting next week.
The analyst house recommends investors accumulate AMATA, WHA, WHAUP, and GUNKUL, which benefited from the investment incentive measures, as well as parking the money at the high yield funds such as CPNREIT, DIF, and 3BBIF.
Yesterday, Thailand’s SET Index closed at 1,461.35 points, decreased 18.39 points or 1.24%, with a trading value of THB 66.51 billion.
