SET at Risk of a Pullback as Asian Stocks Edge Lower


Krungthai Zmico Securities expected SET Index to weaken in today’s session, following the decline in Asia stock markets while investors are monitoring the U.S. non-farm payroll. In the meantime, investors in the Thai stock market are looking ahead to next week’s vaccine rollout and the decision for a border reopening for vaccinated tourists that could push for early effective.

The analyst expected a support range at 1,600-1,607 points and a resistance range at 1,625-1,640 points.

 

As of 9:37 local time in Thailand on June 4, 2021, Nikkei fell 0.52%, SSEC slipped 0.10%, HSI dipped 0.07%, Kospi dropped 0.60%, while ASX 200 rose 0.14%.

Last Wednesday, SET Index closed at 1,617.55 points, decreased 1.04 points or 0.06% with a trading value of 101 billion baht.

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