On Monday, Krungthai XSpring Securities expects the Thai market to trade sideways, as investors are waiting for new supporting factors, as well as the new election date following the news of parliament dissolution. Furthermore, investors are also monitoring the Monetary Policy Committee’s meeting, as well as the U.S. Non-Farm payroll and inflation figures slated to come out within this week.
The firm set a resistance level for the SET Index at 1,270 points and the first support level at 1,250 points with the next level at 1,240 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,254.10 points, increased 0.56 points or 0.04%, with a trading value of THB 36.69 billion.
