On Monday, Asia Plus Securities expects the Thai market to surge along with the Asian markets’ trend, following reports of the U.S. and Iran reaching a temporary agreement to reopen the Strait of Hormuz, which partially easing the Middle East tension, curbing oil prices, and softening inflation concerns despite uncertainty.
The securities firm set a resistance level for the SET Index at 1,600 – 1,610 points and a support level at 1,580 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,592.41 points, increased 20.09 points or 1.28%, with a trading value of THB 67.38 billion.
