On Wednesday, Tisco Securities expects the Thai market to trade sideways-up after gaining momentum from surging oil prices, and better-than-expected listed companies’ financial results.
Meanwhile, the U.S.-China trade situation continues to improve. In addition, the U.S. inflation figure came lower than anticipated, further reinforcing investors’ confidence and prospect of further rate cut.
Additionally, the announcement of MSCI review this morning could pressure specific stocks as there is no addition to the Global Standard Index.
The firm set a resistance level for the SET Index at 1,230 points and a support level at 1,200 points.
Yesterday, Thailand’s SET Index closed at 1,214.39 points, increased 3.45 points or 0.28% with a trading value of THB 50.86 billion.
