On Monday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways within range, as there are no new supporting factors while investors are monitoring this week’s Federal Reserve meeting, and the new cabinet’s economic stimulus measures.
However, the market could be pressured by the banking sectors from the mule account crackdown controversy.
The firm set a resistance level for the SET Index at 1,300-1,305, and a support level at 1.275-1,280 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,293.62 points, increased 5.59 points or 0.43% with a trading value of THB 38.57 billion.
