On Tuesday, Thailand’s SET Index opened at 1,308.59 points, increased 8.81 points or 0.68% with a trading value of THB 2.31 billion.
Asia Plus Securities expects the Thai market to trade sideways-up with limited upside, as investors are pricing in the positive sentiment from the U.S. stock markets making an all time high.
The U.S. markets are buoyed by the prospect of Federal Reserve easing monetary policy, and the U.S.-China trade talks are heading in a positive direction. The rally in the U.S. markets also bolsters Asian markets.
The firm set a resistance level for the SET Index at 1,310, and a support level at 1,290 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,299.78 points, increased 6.16 points or 0.48% with a trading value of THB 35.28 billion.
