On Monday, TISCO Securities expects the Thai market to move sideways-up due to supporting investment climate in the global markets, especially in the technology sector, which may potentially bolster the related sector in the Thai market.
Meanwhile, the situation in the Middle East remained uncertain, but the heightened oil prices may support the Thai energy sector.
The securities firms set a resistance level for the SET Index at 1,530 points and a support level at 1,490 points for today’s session.
Daol Securities disclosed that the SET Index today will trade with high volatility due to key factors including: the Middle East situation, listed companies’ financial reports—which will conclude this week, and the movement of DELTA’s share price. Additionally, investors are rebalancing their portfolio after the war tension has subsided.
Risky stocks include stocks that have previously benefited from the war such as the oil and petrochemical sector.
For this week, the brokerage house expects the SET Index to move within a range of 1,470 – 1,530 points.
Last Friday, Thailand’s SET Index closed at 1,500.36 points, decreased 7.17 points or 0.48%, with a trading value of THB 64.39 billion.
