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Lunchtime Report
SET 1024.26 (+11.17)
Stocks opened higher in Asia after Juncker assures that some sort of bailout for Greece will happen, but many are still firm on seeing positive results from Greece first. SET rose, but was unable to pass the 1025 resistance. Trading value is still relatively low at 8,470 million baht. Gains were led by Banking, Energy, and Food sectors once again. Momentum is looking good so far today, but if SET doesn't get past 1025, then we're gonna see a drop back down to 1020 or below.
The US market also rose yesterday due to the same news. Also, likewise, the US market traded with a relatively low volume. The big money are not jumping in, because they're waiting for confirmation. There's going to be a confidence vote in Greece today. Keep your fingers crossed.
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