SET Jumps 14pts, Breaking the Resistance Level to Challenge 1,515 amid Rising Oil Prices

SET Jumps 14pts, Breaking the Resistance Level to Challenge 1,515 amid Rising Oil Prices.

SET Index rose 14.44 points or 0.96% to 1,511.05 points with a trading value of 8.7 billion baht on Monday in anticipation of the U.S. stimulus plan and the potential of J&J coronavirus vaccine that was under review by the FDA.

 

Krungsri Securities (KSS) expected SET Index to rise and test 1,507-1,515 resistance level on optimism over the US$1.9tn US stimulus package which is due to be voted on soon. Meanwhile, oil prices hit over 1-year high amid hopes demand would rise along with the recovering economy.

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