On Thursday, Maybank Securities expects the Thai market to trade sideways, as there are no supporting factors in the near-term. However, the market is still buoyed by the prospect of Federal Reserve rate cuts, as last night, the U.S. PPI figure came out lower than expected.
Domestically, investors are monitoring the clarity of new economic stimulus measures, which limited downsides in the market.
The firm set a resistance level for the SET Index at 1,290, and a support level at 1,270 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,278.05 points, increased 1.97 points or 0.15% with a trading value of THB 42.55 billion.
