The SET Index increased by more than 10 points in early Wednesday trading, buoyed by hopes that Russia and Ukraine can resolve their conflict, along with buying pressure in the banking and power sectors.
At 11.37 local time in Thailand, the SET Index rose 10.41 points or 0.62% to 1,700 points.
According to Kasikorn Securities, the index jumped more than 10 points this morning to test the 1,700-point level in response to Russia’s announcement that it will withdraw troops from Kyiv and allow Ukraine to join the European Union (EU) but not the North Atlantic Treaty Organization (NATO) (NATO), plus a support by power and financial stocks.
Kasikorn forecasted a sideways move in the SET Index in the afternoon session.
