On Friday, TISCO Securities expects the Thai market to trade sideways-down. This follows the closure of the U.S. markets for the Thanksgiving holiday; hence, there were no catalysts from overseas as no economic data were released. Meanwhile, the analyst suggests investors monitor the flooding in the southern region. Though the situation has eased, time is needed for recovery, while there could be impacts on the tourism sector.
The firm set a resistance level for the SET Index at 1,260 – 1,265 points and a support level at 1,245 -1,250 points for today’s session.
On Thursday, Thailand’s SET Index closed at 1,252.71 points, decreased 8.47 points or 0.67%, with a trading value of THB 23.18 billion.
