On Tuesday, Maybank Securities expects the Thai market to trade sideways, as the broker expects tailwinds from the U.S. market soaring to all-time-high last night. This was due to Nvidia’s share and the Federal Reserve rate cuts.
Domestically, the securities firm cautioned the rebalancing of DELTA stocks, as its market cap has exceeded the SET50 threshold.
The firm set a resistance level for the SET Index at 1,290, and a support level at 1,270 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,282.54 points, decreased 10.18 points or 0.79%, with a trading value of THB 31.59 billion.
