Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Technical Analysis

<ul><li>The market was awaiting the Fed meeting results, while the MPC meeting result was as expected, causing the SET to lack supporting factors and fail to rise above 1,400 points.</li><li>Falling below the 1,400-point level puts the index at risk of dropping further toward the major support at 1,370 points.</li><li>We recommend wait & see until the index can stand above 1,400 points or it bounces back up with dense volume.</li></ul>

The market was awaiting the Fed meeting results, while the MPC meeting result was as expected, causing the SET to lack supporting factors and fail to rise above 1,400 points.Falling below the 1,400-point level puts the index at risk of dropping further toward the major support at 1,370 points.We recommend wait & see until the index can stand above 1,400 points or it bounces back up with dense volume.

Thailand SET Index

Technical Analysis