On Friday, Maybank Securities expects the Thai market to move flat before the holidays while facing pressure from the MSCI Rebalancing, potentially removing some Thai stocks from the index. Such developments could cause an outflow of THB 12 billion from the Thai market.
Furthermore, the U.S. Court of Appeals for the Federal Circuit issued an order staying the decision made late Wednesday by the U.S. Court of International Trade, resulting in the continuation of the ‘Reciprocal Tariffs’ policies. Following the court decision, stocks that have rallied from yesterday’s ruling are expected to turn downward as a result.
The securities firm recommends investors closely monitor the consideration of the FY2026 Budget Act.
The firm set a resistance level for the SET Index at 1,170 points and a support level at 1,150 points.
Yesterday, Thailand’s SET Index closed at 1,164.01 points, increased 3.27 points or 0.28% with a trading value of THB 34.78 billion.
