SET Index: Market Volatility and the Central Bank's Decision - Hoonsmart Analysis

Описание: In today's market analysis, we explore the potential volatility of the SET Index. The market is expected to fluctuate as investors await clarity on key variables. The focus is on the Monetary Policy Committee's meeting and the anticipated 0.25% interest rate cut.
The index closed above 1300 points yesterday (1,305.24 points), and sustained levels above this threshold could boost investor confidence. The target range for the index is projected to be between 1310 and 1320 points.
From a technical perspective, the SET Index is expected to advance after crossing the 1300-point mark. Today's support level is set at 1295-1300 points, while the resistance level is at 1312-1320 points.
The market anticipates volatility due to external factors like the ongoing US Government Shutdown, which has entered its second week, and internal factors such as the MPC meeting's outcome. The government's economic measures are expected to provide some clarity and potentially stimulate the economy and the stock market to some extent.
Gold prices have also risen to a new high of approximately $3,977 per ounce, supported by global political uncertainties, including the US Shutdown and political turmoil in France. There are expectations that the US Federal Reserve (Fed) will cut interest rates by 0.25% by the end of this month.
For investment strategies, it is recommended to take profits in the short term (Trading) and accumulate stocks with significantly lowered prices.
Stocks to watch: SISB, COM7, PTTEP, CENTEL, GULF, SCB, ADVANC
Technical stocks: CRC, TURBO