On Tuesday, Maybank Securities expects the Thai market to extend gain due to further recovery in the U.S. market and rising oil price. Furthermore, the prospect of additional funding from Thai ESG fund and the Santa Rally event may also bolster the SET Index during the last stretch of the year.
Kingsford Securities anticipates a reduction in the SET Index volatility during Christmas Holiday. Additionally, the next week may see the end-year Window Dressing condition.
The brokerage recommends accumulating stocks in safe haven and high-dividend themes such as CPF, HMPRO, PTT, PTTEP, BLA, MC, and DIF.
Both firms set a resistance level for the SET Index at 1,280 points, and a support level at 1,260 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,269.68 points, increased 17.49 points or 1.40%, with a trading value of THB 31.02 billion.
