On Monday, Maybank Securities (Thailand) expects the Thai market to mirror an upward trend seen in the overseas markets following a potential end of the U.S. government shutdown, as well as better-than-expected inflation figures from China.
Domestically, the analyst also anticipates the government’s stimulus measures to support the market.
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.
On Friday, Thailand’s SET Index closed at 1,302.91 points, decreased 10.40 points or 0.79%, with a trading value of THB 29.05 billion.
