On Friday, Maybank Securities (Thailand) expects the Thai market to move relatively flat after DELTA was hit with an extended Level 1 Market Surveillance Measures. As such the securities firm anticipates fund outflow toward other sectors.
Meanwhile, the market did not price in the positive result of the U.S.-China trade talks as much as expected, but the talk helped limit trade war and global economic risk.
The firm set a resistance level for the SET Index at 1,320 points, and a support level at 1,300 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,314.65 points, decreased 0.99 points or 0.08%, with a trading value of THB 45.47 billion.
