On Friday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to trade sideways-down due to the investment downturn. Additionally, the majority of Asian markets were plunged during the opening session, as the markets were pressured by the U.S. tariffs.
The securities firm recommends investors to closely monitor trade negotiations for positive development.
Furthermore, the SET Index is anticipated to be pressured by the energy sector, after the oil prices plummeted last night.
The firm estimates a supporting level at 1,155, if the index fails to reach this level, the market would be vulnerable to downside.
The firm set a resistance level for the SET Index at 1,165 – 1,173 points and a support level at 1,140 – 1,155 points.
Yesterday, Thailand’s SET Index closed at 1,161.81 points, decreased 10.88 points or 0.93% with a trading value of THB 41.06 billion.
