On Friday, FSS International Investment Advisory Securities expects the Thai market to move sideways-up along with the upward trend in Asian markets, as last night, the U.S. stock market surged due to President Donald Trump announcing the first successful trade negotiation with the United Kingdom. However, investors are waiting for the U.S.-China trade talk, as well as Chinese imports and exports figures that are slated to be released today.
Domestically, the Thai market was bolstered by the soaring energy stocks due to increased oil prices, and positive results in listed companies Q1 earnings.
The firm set a resistance level for the SET Index at 1,220 points and a support level at 1,200 points.
Yesterday, Thailand’s SET Index closed at 1,206.59 points, decreased 13.68 points or 1.12% with a trading value of THB 42,69 billion.
