On Tuesday, Liberator Securities expects the Thai market to trade sideways-up due to surging positive sentiment in response to a successful trade talk between the U.S. and China, as both sides agreed to temporarily reduce tariffs for 90 days, causing a rise in speculative buying on risky assets throughout the global market.
Domestically, while Thailand may have yet to negotiate with the U.S., the weekend talk between the leaders of two major powers should have enough momentum to drive the Thai market.
The securities firm recommended investors closely monitoring the U.S. CPI figure tonight. Domestically, investors should monitor tourism stimulus measures.
The firm set a resistance level for the SET Index at 1,250 points and a support level at 1,200 points.
Last Friday, Thailand’s SET Index closed at 1,210.94 points, increased 4.35 points or 0.36% with a trading value of THB 40,95 billion.
