On Thursday, FSS International Investment Advisory Securities expects the Thai market to trade sideways-up as the political situation has become clearer, after the parliament preparing to select the new Prime Minister this Friday, which would later lead to a general election.
Furthermore, there are positive sentiments from the overseas market, after the Federal Reserve’s board has voiced support for rate cuts, and the U.S. employment figures came out lower than expected.
The firm set a resistance level for the SET Index at 1,265-1,270 and a support level at 1,240-1,245 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,259.31 points, increased 10.53 points or 0.84% with a trading value of THB 44.70 billion.
