On Tuesday, Maybank Securities (Thailand) expects the Thai market to trade sideways-up due to positive sentiment in the U.S. market. This followed the easing tension between the U.S. and China, and the prospect of the U.S. government shutdown ended within this week. Furthermore, listed companies in the U.S. posted better-than-expected financial results.
Domestically, the progress on the economic stimulus measures received further clarity.
The securities firm recommends investors closely monitor the cabinet meeting on additional tourism stimulus measures.
The firm set a resistance level for the SET Index at 1,300 points, and a support level at 1,280 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,284.47 points, increased 9.86 points or 0.77%, with a trading value of THB 26.55 billion.
