On Tuesday, FSS International Investment Advisory Securities (FSSIA) expects the Thai market to decline after the foreign markets plunged yesterday due to U.S. tariff policy slowing the global trade and economy down.
However, yesterday’s new regulatory measures for the Stock Exchange of Thailand could stabilize the market, including the temporary ban of short-selling and setting new trading limits.
In addition, the securities firms suggest the market could rebound as the Asian markets experience some rebound on the opening session.
The firm set a resistance level for the SET Index at 1,130-1,350 points and a support level at 1,050-1,100 points.
On Friday, Thailand’s SET Index closed at 1,125.21 points, decreased 36.60 points or 3.15% with a trading value of THB 48.28 billion.
