On Tuesday, Maybank Securities expects the Thai market to trade sideways as there are no new supporting factors after President Donald Trump postponed EU tariff. Furthermore, Thai exports figure in April expanded slower than market’s estimation, and concerns over U.S.-Thai trade tension still remains.
The securities firm suggests investors should closely monitor today’s Chinese industrial profit and Thai cabinet meeting.
The firm set a resistance level for the SET Index at 1,185 points and a support level at 1,165 points.
Yesterday, Thailand’s SET Index closed at 1,178.43 points, increased 2.07 points or 0.18% with a trading value of THB 27.69 billion.
