On Wednesday, Asia Plus Securities expects the Thai market to trade sideways within range due to a supporting factor from the U.S. compromising stance on trade war, as there is an opportunity to reduce the tariffs to below 10% if presented with attractive offers. The shifting stance led to a rally in the U.S. stock market last night with Asian markets following the trend.
Domestically, there are no new supporting factors that could bolster the SET Index’s recovery.
The firm set a resistance level for the SET Index at 1,175 points and a support level at 1,150 points.
Yesterday, Thailand’s SET Index closed at 1,163.42 points, decreased 15.01 points or 1.27% with a trading value of THB 34.83 billion.
