On Wednesday, Asia Plus Securities expects the Thai market to trade sideways-up due to political clarity, as the People’s Party has voted Anutin Charnvirakul as the new Prime Minister, closing the political vacuum.
Furthermore, the securities firm expects tailwinds from energy stocks after the U.S. imposed sanctions on Iran.
The firm set a resistance level for the SET Index at 1,260 and a support level at 1,240 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,248.78 points, increased 4.30 points or 0.35% with a trading value of THB 34.42 billion.
