Daily Strategu

Major stock markets in Asia traded mostly higher on Tuesday, looking for positive directions. Thailand’s SET Index opened 1,641.49 points, increased 2.76 points or 0.17% As of 10:14 local time in Thailand, Nikkei rose 0.22%, SSEC gained 0.27%, Hang Seng Index increased 0.84%, ASX 200 dropped 0.71% and IDX Composite rose 0.39%. Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities Co., Ltd., through “Kaohoon Jor Talad Program” on November 16, 2021, stated that the Thai stock market in the past month moved in a range of 1,625-1,640 points, and ASL warned that the support level of 1,620 points could be a crucial point, but the outlook would be positive if the index could breach the 1,650 resistance level. Mr. Suktae recommended stocks with positive 3Q21 earnings results and outlook such as UTP (S16/R17.50), NER (S7/R8), EPG (S10/R11.50) and BCH (S20/R22).