On Wednesday, Maybank Securities (Thailand) expects the Thai market to trade sideways, as traders remain hopeful for a U.S. Fed rate cut. Domestically, the analyst recommends that investors monitor stimulus measures from the government, as well as inflation figures slated for release later today, with the data weighing on the prospects of a rate cut from the Monetary Policy Committee.
The firm set a resistance level for the SET Index at 1,285 points and a support level at 1,270 points for today’s session.
On Tuesday, Thailand’s SET Index closed at 1,277.58 points, increased 1.01 points or 0.08%, with a trading value of THB 32.54 billion.
