On Wednesday, Krungthai XSpring Securities expects the Thai market to trade sideways-up, with ADVANC leading today’s rally after posting a robust earnings result and high dividend payout.
Furthermore, the brokerage firm anticipated supporting sentiment as the February 8 election draws near.
The securities firm set a resistance level for the SET Index at 1,350 points and a support level at 1,325 points for today’s session.
Daol Securities stated that the SET Index may potentially surge after having sharply rebounded yesterday due to rising gold prices. Meanwhile, the rally in tech stocks is forecasted to subside today, with some investors switching to speculate on the Thai election, which is slated to occur later this week.
The analyst firm set a first resistance level for the SET Index at 1,356 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,336.11 points, increased 14.69 points or 1.1%, with a trading value of THB 57.1 billion.
