On Monday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to move sideways due to the pressure from the Middle East conflicts, as well as speculative moves on technology and electronics stocks.
The analyst recommends investors closely monitor the economic cabinet meeting today.
Daol Securities disclosed that for this week’s four trading sessions, the Thai market will continue moving with volatility, with potential selling pressure unique to the Thai market. However, the overall market’s movement will depend on the U.S.-Iran second negotiation.
Moreover, stocks that were either positively or negatively affected by the war, such as the oil and petrochemical sector, are anticipated to move with high volatility.
The brokerage firm estimated the SET Index to move within the range of 1,440 – 1,480 points for this week’s sessions.
Last Friday, Thailand’s SET Index closed at 1,456.10 points, decreased 5.25 points or 0.36%, with a trading value of THB 48.76 billion.
