On Tuesday, FSS International Investment Advisory Securities expects the Thai market to rebound after having moved relatively flat for three days, due to positive sentiments in regional markets, which may bolster tech stocks, and the U.S. better-than-expected economic figures.
The securities firm set a resistance level for the SET Index at 1,332 points, and a support level at 1,315 points for today’s session.
Kingsford Securities anticipated the SET Index to move with a supporting level of 1,310 – 1,320 points, and a resistance level of 1,330 – 1,340 points. The brokerage estimates that the index will rebound along with the U.S. tech stocks, but with limited upside due to investors cautious stance ahead of the election this Sunday.
The securities house recommends accumulating value stocks such as ADVANC, GULF, and CPALL, tourism stocks including AOT, MINT, CENTEL, and ERW, retail stocks namely OSP, COCOCO, and MEGA, as well as speculating electronics stocks such as DELTA.
Yesterday, Thailand’s SET Index closed at 1,321.42 points, decreased 4.20 points or 0.32%, with a trading value of THB 43.54 billion.
