On Monday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to move sideways or sideways-down due to lack of new supporting factors, and amid negative sentiment from Moody’s slashing the U.S. credit rating down from Aaa to Aa1.
The securities firm recommends investors closely monitoring Thailand’s 1Q25 GDP figure, and the Economic Stimulus Measures Committee meeting on THB 10,000 Digital Wallet cash handout program reconsideration.
The firm set a resistance level for the SET Index at 1,200 – 1,205 points and a support level at 1,188 points.
Last Friday, Thailand’s SET Index closed at 1,195.77 points, increased 1.28 points or 0.11% with a trading value of THB 36.71 billion.
