Major stock markets in Asia traded in a mixed session on Friday amid volatility in the market this week from Russia and Ukraine tensions to the development of sanctions on Russia and the Fed rate hikes.
As of 10:06 local time in Thailand, Nikkei rose 0.27%, SSEC gained 0.11%, Hang Seng Index fell 1.83%, ASX 200 increased 0.32% and IDX Composite dipped 0.33%.
Thailand’s SET Index opened at 1,684.83 points, increased 3.07 points or 0.18%.
Mr. Kantara Ladawan na Ayutthaya, executive director of Finansia Syrus Securities (FSS), through “Kaohoon Jor Talad Program” on March 18, 2022, stated that there is a possibility for the SET Index to continue its uptrend, expecting power generation and banking stocks to maintain their positive trends, while tourism stocks, including aviation and hotel, should be outstanding due to the speculation of easing Covid-19 test measures for foreign arrivals.
Mr. Ladawan pointed out that according to historical data of SET Index, the market usually plunge to 1,580 points and rebounded, which indicated that the support level at 1,580 is solid and would be an indication to buy the dip.