On Wednesday, Tisco Securities expects the Thai market to trade sideways within the negative territory as investor sentiment was pressured by declines among tech stocks on Wall Street, potentially affecting DELTA. Meanwhile, the rebound in oil prices, deemed positive for energy stocks, is anticipated to offset such pressures.
On top of that, the analyst also sees potential momentum from the upcoming proposal of the ‘Half-Half’ co-payment scheme Phase 2 by the Finance Ministry. This could bolster domestic consumption-related stocks.
The firm set a resistance level for the SET Index at 1,280 points and a support level at 1,260 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,270.04 points, decreased 10.03 points or 0.78%, with a trading value of THB 29.34 billion.
