On Friday, Maybank Securities (Thailand) expects the Thai market to trade sideways-up as the market has returned to weight in U.S. trade talks after factors from Thai politics have subsided.
Furthermore, the Thai market was also partially buoyed by positive sentiment in the U.S. stock market after the employment figures came out better than expected.
The securities firm recommends investors to continue monitoring U.S. trade talks.
The firm set a resistance level for the SET Index at 1,135 and a support level at 1,115 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,127.21 points, increased 11.52 points or 1.03% with a trading value of THB 34.92 billion.
