On Wednesday, Maybank Securities (Thailand) expects the Thai market to trade sideways within range due to lack of new supporting factors.
Meanwhile, investors are monitoring the banking sector’s earnings reports, and the U.S. Supreme Court verdict on Trump’s tariff policy. Moreover, the energy price continued to rise, which bolstered the energy stock and potentially buoyed the market.
The securities firm set a resistance level for the SET Index at 1,245 points, and a support level at 1,225 points for today’s session.
Daol Securities estimates that the Thai market will move with volatility within range and potentially exhibit a downward movement today, as investors await the U.S. court verdict on the tariff case, which is a key factor for global markets. Furthermore, there are new downward pressures from Trump’s threat of imposing tariffs on Iran trading partners, fund outflow from foreign investors offloading their holdings both in stock and bond market, as well as rapid baht depreciation from the BOT signal to curb the baht.
Yesterday, Thailand’s SET Index closed at 1,235.30 points, decreased 6.90 points or 0.56%, with a trading value of THB 37.42 billion.
