On Friday, AIRA Securities expects the Thai market to show volatility and tilt downward as Prime Minister Anutin Charnvirakul announced parliament dissolution, causing uncertainty on stimulus measures, like the TISA and the Half-Half co-payment Phase 2 schemes.
The analyst suggests investors monitor capital inflows from funds and foreign traders on how they react to the situation, while expecting some amount to be in the banking and ICT sectors.
The firm set a support level at 1,230 points for the SET Index and a resistance level at 1,258 and 1,250 points for today’s session.
On Thursday, Thailand’s SET Index closed at 1,253.54 points, decreased 16.33 points or 1.29%, with a trading value of THB 28.92 billion.
