On Monday, Pi Securities expects the Thai market to potentially decline as the global markets begin to consolidate. Last Friday, the U.S. market contracted as the U.S.-China summit did not result in the de-escalation in the Middle East. This caused oil prices and bond yield to surge, which pressured risky assets.
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 stated that the Thai bourse remained sensitive to the surrounding negative factors such as the Middle East situation and the technology stocks’ movement.
Meanwhile, listed companies’ financial results announcements have concluded. In addition, DELTA’s volatility is anticipated to directly affect the Thai market’s movements, with the SET Index slid as much as 14 points solely due to the equity’s movement.
The analyst firm expects the index to move within the 1,500 – 1,530 range.
Last Friday, Thailand’s SET Index closed at 1,517.95 points, decreased 21.17 points or 1.38%, with a trading value of THB 67.86 billion.
