On Wednesday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways-up following the rallies in Asian markets after the U.S. Federal Reserve Chair signaled the prospects of further interest rate cuts during last night’s press interview.
However, the U.S.-China trade war remains a downside factor for the market.
The securities firm recommends investors monitor today’s economic cabinet meeting.
The firm set a resistance level for the SET Index at 1,275-1,280 points, and a support level at 1,255-1,260 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,266.38 points, decreased 20.60 points or 1.60%, with a trading value of THB 42.50 billion.
