On Thursday, Maybank (Thailand) Securities expects the Thai market to trade sideways with volatility after being pressured by DELTA selloff due to concerns of the impacts from the capped weight regulation on stocks in the SET50 and SET100 indices, which will initiate on July 1.
Meanwhile, the U.S. stock market moved narrowly sideways after the employment figure came lower than expected.
Domestically, the tourism stimulus measures is expected to be a positive factor for the tourism and hotel sectors in the near-term.
The firm set a resistance level for the SET Index at 1,140 points and a support level at 1,120 points.
Yesterday, Thailand’s SET Index closed at 1,132.02 points, decreased 17.16 points or 1.49% with a trading value of THB 49.60 billion.
