– SET Index closed at 1,274.83 points, increased 11.12 points or 0.88% with a trading value of 56 billion baht. The analyst stated that the Thai stock market closed higher, in line with the regional and European markets after the U.S. President Donald Trump said that he would resume the stimulus talks.
The Thai market was supported by the “Shop Dee Mee Kuean” (Getting Refund after Shopping) that would allow a tax reduction up to 30,000 baht. The measure gave a good stimulation to the stock market, while the analyst advised investors to continue monitoring political issues that will gather on October 14, 2020. The event could result in a downside to the stock market.
In addition, the analyst expected the market to move in a sideway trend with a support level at 1,250 points and a resistance level at 1,285 points.
– Proprietary Trading slammed 1.1 billion baht to invest in the Thai stock market, pushing SET Index to continue the 4-day streak.