On Thursday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways-up. This was due to supporting factors from September’s U.S. employment figure in the private sector came out lower than expected, fueling the prospect of Federal Reserve rate cuts, as well as declines in bond yields.
However, the Thai market could still be pressured by energy stocks due to plunging oil prices.
The firm set a resistance level for the SET Index at 1,280-1,285 points, and a support level at 1,260-1,265 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,275.03 points, increased 0.86 points or 0.07%, with a trading value of THB 35.48 billion.
