On Monday, Maybank Securities expects the Thai market to trade with volatility due to international politics, both from last week’s escalation of Israel-Iran tension, and Thailand-Cambodia border dispute that still lacks long-term certainty.
Domestically, the progress on Thai cabinet reshuffling still remains unclear.
The securities firm recommends investors continue monitoring international political situations, particularly the Israel-Iran conflict, which if prolonged, will become negative factors for the investors, and the Thailand-Cambodia situation, in which the brokerage firm advises investors to closely monitor the JBC meeting, which will have short-term effects toward the Thai market.
The firm set a resistance level for the SET Index at 1,130 points and a support level at 1,100 points.
Last Friday, Thailand’s SET Index closed at 1,122.70 points, decreased 5.92 points or 0.52% with a trading value of THB 42.30 billion.
