On Friday, Asia Plus Securities expects the Thai market to trade sideways within range as investors are monitoring today’s Prime Minister selection. If the voting succeeds without a problem, the brokerage firm expects positive responses in the market.
Furthermore, five consecutive months of negative inflation fueled the prospect of additional rate cuts by the Monetary Policy Committee.
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 1,252.55 points, decreased 6.76 points or 0.54% with a trading value of THB 44.81 billion.
