On Thursday, Asia Plus Securities expects the Thai market to trade sideways due to lack of new supporting factors, as investors are monitoring tonight’s Bank of England and European Central Bank meeting.
Furthermore, yesterday’s Monetary Policy Committee’s rate cut failed to generate any upside factor for the Thai market.
The firm set a resistance level for the SET Index at 1,270 points, and a support level at 1,240-1,250 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,256.85 points, decreased 3.83 points or 0.30%, with a trading value of THB 32.01 billion.
