SET to Challenge the 1,360 Level amid Positive Sentiment of Fed’s Supporting Measures

SET is expected to rebound, buoyed by the Fed’s decision of the Secondary Market Corporate Credit Facility, targeting a three-day losing streak for nearly 80 points.

 

Finansia Syrus Securities expected SET Index to rebound to challenge the resistance level at 1,360 points+- after the market started to relax from the Fed’s decision of the Secondary Market Corporate Credit Facility, which allows the purchasing Corporate Bond to buy private companies’ debentures and bonds as well as in the secondary market with a limited value of 750 billion U.S. dollars.

Moreover, the oil prices also rebound overnight on the optimism of OPEC+ complying with the output cut.

 

As of 9:37 local time in Thailand (GMT+7), Nikkei rose 3.39%, SSEC gained 0.83%, HSI increased 2.42%, ASX 200 advanced 3.44% and Kospi jumped 4.21%.