– SET Index closed at 1,631.15 points, increased 11.56 points or 0.71% with a trading value of 140 billion baht. The analyst stated that the Thai stock market edged higher in today’s session in response to a speculation in the banking sector after SCB announced a major business restructure, and the market expected other major banks to follow. Meanwhile, leasing and credit card stocks were pressured by the intense competitiveness in the business as banks are turning to auto leasing and unsecured loans.
The market was relaxed after the Fed signalled for QE tapering at a lower amount than the market had anticipated, while the tapering could happen in October or November.
In addition, the analyst expected SET Index to move in sideways-up trends, giving a support level at 1,620 points and a resistance level at 1,650 points.
The Thai stock exchange will
– Foreign Investors and Proprietary Trading combined a 4.9 billion baht of net buy, sending the SET Index up by 11.5pts in a high trading value session.