On Friday, Kasikorn Securities (KS) expects the Thai market to decline from selling pressures in overseas markets, as the U.S. employment figures came out on a downward trend, and the Federal Reserve is waiting for further economic data to determine interest rate policies in the December meeting. This caused selling pressures in stocks that near its valuation ceiling.
Domestically, the securities firm recommends investors closely monitor listed companies’ financial results.
The firm set a resistance level for the SET Index at 1,315 points, and a support level at 1,295 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,313.31 points, increased 18.02 points or 1.39%, with a trading value of THB 38.13 billion.
