On Monday, TISCO Securities expects the Thai market to rebound after the U.S. Supreme Court overturned President Donald Trump tariff measures, easing trade tension and bolstered export stocks.
However, the market is still range bound due to big-cap stocks entering ex-dividend (XD) date and MSCI rebalance.
The securities firms set a resistance level for the SET Index at 1,495 – 1,500 points, with a support level at 1,474 points and 1,470 points for today’s session.
Daol Securities stated that the Thai market will not surpass 1,490 points, and the Chinese market will be reopened this week.
Major impacting catalysts include the U.S. decision on attacking Iran, the ongoing earnings reports from listed companies, and MSCI rebalance.
For this week, the brokerage firm estimates the SET Index to move within the range of 1,460-1,490 points.
Last Friday, Thailand’s SET Index closed at 1,479.71 points, decreased 14.20 points or 0.95%, with a trading value of THB 90.48 billion.
