On Monday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways within range, but the market still has supporting factors from China’s economic growth potential to bolster sentiments, after the Chinese government reported a sign of consumption recovery yesterday.
However, the securities company recommends investors to closely monitor the Federal Reserve (Fed) and the Bank of Japan (BOJ) meetings set to occur this week, to gauge the direction of the monetary policies in the near-term.
Meanwhile, Asia’s market opened with upside movement.
The firm set a resistance level for the SET Index at 1,180-1,185 points and a support level at 1,160-1,165 points.
On Friday, Thailand’s SET Index closed at 1,173.76 points, increased 14.12 points or 1.22% with a trading value of THB 38.59 billion.
