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.