On Wednesday, Liberator Securities expects the Thai market to trade sideways-up with a boost from overseas supporting factors, as the trade war has deescalated after the U.S. Secretary of Treasury showed the willingness of initiating trade negotiations with various countries. The easing trade tensions have sparked a positive sentiment among investors, even if the U.S.-China trade talk still needed to be closely monitored.
Domestically, investors are closely monitoring the Monetary Policy Committee meeting, which anticipated to cut interest rate to 1.75% to bolster market activity.
The firm set a resistance level for the SET Index at 1,180 points and a support level at 1,160 points.
Yesterday, Thailand’s SET Index closed at 1,171.12 points, increased 11.59 points or 1.00% with a trading value of THB 35.33 billion.
