On Friday, Asia Plus Securities expects the Thai market to trade sideways-down along with the foreign markets, as investors are pricing in the concerns over U.S. banks asset quality. This has become a downward sentiment for the stock market, causing fund outflow in risky assets.
Domestically, there are no new supporting factors.
The firm set a resistance level for the SET Index at 1,300 points, and a support level at 1,280 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,291.46 points, increased 4.77 points or 0.37%, with a trading value of THB 33.20 billion.
