Major stock markets in Asia traded mostly higher on Tuesday after Wall Street closed higher over Joe Biden’s statement for not implementing a lockdown for down amid concerns of the new Covid-19 variant.
As of 10:15 local time in Thailand, Nikkei rose 0.76%, SSEC gained 0.20%, Hang Seng Index fell 1.15%, ASX 200 increased 1.13% and IDX Composite advanced 0.37%.
Thailand’s SET Index 1,604.57 points, increased 14.88 points or 0.94%. The index extended its gains to 1,611.50 points, gaining 21.81 points as of 10:15 Bangkok time.
Overnight, Dow Jones rose 0.68%, S&P 500 jumped 1.32% and Nasdaq increased 1.88%. The U.S. President Joe Biden reassured Americans that an omicron-related lockdown is off the table for now.
Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities Co., Ltd., through “Kaohoon Jor Talad Program” on November 30, 2021, stated that he expected the Thai stock market to rebound in today’s session as Hang Seng Index being the only market in a negative territory, seeing the SET Index to test the 1,610 resistance level and above 1,630 points should be an uptrend. Mr. Suktae recommended five stocks with good technical signals as follows; SIS (S40/R44), EKH (S7/R9), SMD (S13/R15.60), IMH (S12/R13-15) and EPG (S11-11.20/R12.50).