On Wednesday, Maybank Securities (Thailand) expects volatility in the Thai market, but could recover with a continuing stream of fund flow.
The firm expects Thai stock market pricing in previous developments, ranging from the Thai-Cambodia border situation, which saw a flare up yesterday, and the US-China trade talk at Stockholm, as well as the awaited Federal Reserve meeting result.
The securities firm recommends investors closely monitor SCC earnings report, and other listed companies’ results, as well as tomorrow’s Fed meeting result.
The firm set a resistance level for the SET Index at 1,240 points and a support level at 1,220 points for today’s session.
Last Friday, Thailand’s SET Index closed at 1,233.68 points, increased 16.53 points or 1.36% with a trading value of THB 51.32 billion.
