On Thursday, FSS International Investment Advisory Securities expects the Thai market to trade sideways after having significantly rebounded yesterday. Investors are still monitoring Thailand’s politics, both the trial of Prime Minister Paetongtarn Shinawatra’s audio clip case, and former Prime Minister Thaksin Shinawatra’s Lèse-majesté (Section 112) case.
Overseas factors include the concerns over U.S. inflation from President Donald Trump’s tariff policies, which could lead to a lower-than-expected rate cut.
The securities firm recommends investors closely monitor the Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on Friday night.
The firm set a resistance level for the SET Index at 1,260 and a support level at 1,230 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,248.13 points, increased 12.37 points or 1.00% with a trading value of THB 43.12 billion.
