On Monday, Liberator Securities expects the Thai market to trade with volatility. In the early session, the index is likely to gain positive momentum, driven by optimism that the U.S. Federal Reserve may move forward with an interest rate cut at its December meeting. This follows remarks from the president of the New York Fed, who sees U.S. monetary policy as restrictive.
Domestically, the analyst recommends that investors monitor the revision of the MSCI portfolio, which could result in fund outflows of approximately THB 2.5 billion.
The firm set a resistance level for the SET Index at 1,280 points and a support level at 1,240 points for today’s session.
On Friday, Thailand’s SET Index closed at 1,254.40 points, decreased 27.41 points or 2.14%, with a trading value of THB 36.09 billion.
