Daily Market Outlook

Daily Market Outlook for the world and local financial update

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Sawasdee - Mar 23, 2018

Suppressed by trade protectionism fears

Market outlook: The SET is headed down along with other equity markets, as a global trade war seems to be inching closer. This could raise inflation and shove equity markets down. The SET has supports at 1784 and 1775, while resistances are at 1805 and 1813.

Market strategy: Speculation requires a high level of caution. Our technical picks are KTC and TOA. We recommend mid to long-term investors take the sidelines. For fundamental picks, we choose our 2Q18 top picks: BBL, KTB, BJC, GLOBAL, ROBINS, BDMS and CHG.