Lunchtime Report
SET 1018.19 (-5.67)

SET opened lower today. It went down to a low of 1013.38 (-10.48), and tried to test the 1020 level, but could not get beyond 1020.09 (-3.77). SET support area is the 1010 zone. If it goes below 1008, then it could very well go down to 1000-1002. Let's hope that doesn't happen.

Bank, ICT, and Property Development sectors are suffering today, with ICT currently down by 2.44%, led by losses in ADVANC and DTAC stocks. The Food sector is up 0.64% right now, but this is due to MALEE pushing up the sector.
MALEE opened at 15.40 and then jumped up to 18.10 before coming back down and trading in the 17.30-17.60 range. The offers are starting to look dense.

Last night, the Fed lowered its growth forecast for the US this year, sending US indices down.