As of 11:04 BKK time on Monday, Thailand’s SET Index dropped 13.19 points or 1.12% to 1,162.26 points.
FSS International Investment Advisory Securities (FSSIA) expects the Thai market to plunge due to the impact of the March 28 earthquake. The securities firm anticipates downside pressures on various stocks such as real estate, insurance, and construction following the event.
Internationally, the U.S. Core PCE index has gone up white its economy continues to weaken, furthering the pressure on the Thai and Asia market, which opened with a decline following Wall Street.
The firm set a resistance level for the SET Index at 1,180 points and a support level at 1,150-1,160 points.
