Daily Strategy: FSS Expects SET Index to Move Narrowly without Positive Factors to Support

Major stock markets in Asia traded in a mixed session on Friday as investors struggled to grasp directions in the market. 

 

As of 10:11 local time in Thailand, Nikkei dipped 0.17%, SSEC rose 0.09%, Hang Seng Index fell 0.36%, ASX200 increased 0.30% and IDX Composite slipped 0.39%.

Thailand’s SET Index opened at 1,682.84 points, increased 1.95 points or 0.12%.

The number of Americans filing for unemployment benefits fell 28,000 to just 187,000 for the week ending March 19, the lowest since September of 1969, according to the Labor Department.

 

Mr. Kantara Ladawan na Ayutthaya, executive director of Finansia Syrus Securities (FSS), through “Kaohoon Jor Talad Program” on March 25, 2022, expected Thailand’s SET Index to move narrowly as the market lacks positive factors to give it a push, while the Russia and Ukraine situation is overhanging. 

Mr. Ladawan noted that the reopening is very essential to the Thai economy and had a strong view on the hotel, retail, medical and banking sectors.