On Thursday, Tisco Securities expects the Thai market to reach 1,200 points after the Fed meeting last night resulted in maintaining the interest rate, although the rate cutting trend for this and next year remains. Additionally, with the Fed’s optimistic stance on the economy, investors believe that inflation caused by the U.S. President Donald Trump is a temporary factor, thus investors do not anticipate any change in monetary policy.
Furthermore, foreign investors’ interest in Thai stocks has increased due to affordable valuation, with more oversea brokers suggesting “Buy”.
The firm set a resistance level for the SET Index at 1,200 – 1,210 points and a support level at 1,175 points.
Yesterday, Thailand’s SET Index closed at 1,189.66 points, increased 13.49 points or 1.15% with a trading value of THB 42.72 billion.
