On Thursday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways or sideways-up due to investors edging on the supporting factors from today’s cabinet meeting on economic stimulus measures, resulting in upside sentiments in the market.
However, the Thai market was still weighed by overseas factors, after the U.S. imposed tariffs on automobiles, which China responded with the banning of Nvidia chips, causing market volatility and downward pressure.
The firm set a resistance level for the SET Index at 1,200 points and a support level at 1,180 points.
Yesterday, Thailand’s SET Index closed at 1,190.36 points, increased 5.43 points or 0.46% with a trading value of THB 26.57 billion.
