SET on Track to Extend the Gain in Response to No Lockdown and Brexit Deal

Tisco Securities expected SET Index to move in sideways-up trends as the market became more active after the Center for COVID-19 Situation Administration (CCSA) on Thursday resolved that there will be no whole-country lockdown, but will tighten restrictions in some areas that have coronavirus outbreak, resulting in a limited impact to Thailand’s economic activity. Meanwhile, the success of the Brexit deal also set a positive tone to the market as well.

 

The analyst estimated the trading value in today’s session after more than a hundred billion baht of trading value yesterday, while a great number of stock markets will be closed on Christmas Holiday.

In addition, the analyst advised investors to monitor the development of the coronavirus resurgence, giving a support level at 1,445-1,440 points and a resistance level at 1,460-1,470 points.