On Thursday, TISCO Securities expects the Thai market to trend upward following the U.S. Federal Reserve’s announcement of an expected interest rate cut, with plans to manage market liquidity levels by purchasing $40 billion in Treasury bills. Meanwhile, developments regarding the Thai-Cambodian conflicts at the border remain in focus, as they could pressure the market, while the analyst also suggests keeping an eye on possible reactions from the U.S.
The firm set a resistance level for the SET Index at 1,260-1,250 points and a support level at 1,280-1,285 points for today’s session.
On Tuesday, Thailand’s SET Index closed at 1,269.87 points, increased 8.48 points or 0.67%, with a trading value of THB 25.88 billion.
