On Friday, Tisco Securities expects the Thai market to trade sideways with thin volume, as most foreign stock markets are closed during the Christmas Holiday. Meanwhile, the Thai market still lacks supporting factors.
The securities firm set a resistance level for the SET Index at 1,275 points, and a support level at 1,258-1,260 points for today’s session.
Kingsford Securities stated in an analyst that the SET Index today is set to trade within a supporting level of 1,250 – 1,260 points and a resistance level of 1,270 – 1,280 points. The brokerage firm expects the index to stabilize ahead of the New Year Holiday, while also anticipating Window Dressing for next week.
The analyst firm recommends accumulating stocks in safe haven and high-dividend themes such as CPFCPF, HMPRO, PTT, PTTEP, SCB, KTB, CPNREIT, and WHART, as well as stocks that benefit from strong baht such as GULF, EGCO, BA, ADVANC, and TRUE.
Yesterday, Thailand’s SET Index closed at 1,264.77 points, decreased 10.56 points or 0.83%, with a trading value of THB 15.63 billion.
