On Thursday, Maybank Securities (Thailand) expects the Thai market to trade sideways as investors sentiment are weighted on the US-Thai trade talk, as such the investors are closely monitoring the negotiation progress following “Team Thailand” formal discussion.
The securities firm also expects investors to speculative buy stocks from listed companies with robust performance in 2Q25, which may cause market volatility during this period.
The brokerage firm recommends investors to closely monitor the trade talks, as well as June’s retail sale figures and the report on U.S. unemployed beneficiary figures.
The firm set a resistance level for the SET Index at 1,165 and a support level at 1,150 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,157.63 points, decreased 3.38 points or 0.29% with a trading value of THB 42.92 billion.
