On Thursday, Maybank Securities (Thailand) expects the Thai market to trade slightly upward, as the market is still mulling over the Monetary Policy Committee maintaining interest rate amid economic uncertainty. However, the government decision to continue with the Entertainment Complex Bill and THB 20 Fee All-Fares policy has become marginal positive factors for the market, although its impact on the SET Index is limited.
The securities firm stated that there are no new significant positive factors today after the Middle Eastern tensions begin to subside.
The firm set a resistance level for the SET Index at 1,200 points and a support level at 1,100 points.
Yesterday, Thailand’s SET Index closed at 1,107.69 points, increased 7.68 points or 0.70% with a trading value of THB 62.66 billion.
