On Thursday, Krungthai XSpring Securities expects the Thai market to trade sideways or sideways-down after the U.S. released a stronger-than-expected non-farm payrolls figure, likely leading the U.S. Federal Reserve to hold rates in the December meeting. Meanwhile, the development also put pressure on the U.S. markets, with the Asian markets tracking the losses.
The firm set a resistance level for the SET Index at 1,285-1,290 points and a support level at 1,265-1,270 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,281.81 points, increased 9.64 points or 0.76%, with a trading value of THB 33.44 billion.
