On Wednesday, Liberator Securities expects the Thai market to trade sideways within range this morning, as investors are monitoring U.S. inflation to gauge the prospect of the Federal Reserve cutting interest rate in next week’s meeting.
Domestically, investors are monitoring the formation of a new government, as the prospect of economic stimulus measures buoyed market sentiment. However, the market may be pressured in the short-term due to the ex-dividend date on banking stocks.
The firm set a resistance level for the SET Index at 1,285, and a support level at 1,260 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,276.08 points, increased 9.97 points or 0.79% with a trading value of THB 47.38 billion.
