On Wednesday, Tisco Securities expects the Thai market to move sideways or sideways-down, as investors are cautiously trading due to lack of supporting factors. Furthermore, last night’s plunging oil price may exert pressure on energy stocks.
The analysts recommend investors closely monitor the Monetary Policy Committee’s meeting later this afternoon, as they are expected to cut interest rates.
The firm set a resistance level for the SET Index at 1,275 points, and a support level at 1,240-1,250 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,260.68 points, decreased 12.72 points or 1.00%, with a trading value of THB 30.83 billion.
