On Tuesday, Asia Plus Securities expects the Thai market to trade sideways-up after the U.S. retail sales figures came out better than forecast, bolstering trade in U.S. and Asia markets.
However, the market is still anticipating new supporting factors to boost the exchange, especially with the upcoming Fed policy meeting on Wednesday night, in which investors expect a third rate cut of the year. Investors are also closely monitoring the cabinet meeting on possible additional stimulus measures.
The firm set a resistance level for the SET Index at 1,180 points and a support level at 1,160 points.
Yesterday, Thailand’s SET Index closed at 1,170.12 points, decreased 3.64 points or 0.31% with a trading value of THB 35.90 billion.
