On Thursday, Maybank Securities (Thailand) expects the Thai market to increase, in line with overseas markets, following a positive sentiment from better-than-expected earnings reports from Nvidia, which recovers confidence in the U.S. tech stocks.
Additionally, the market is also anticipated to be supported by the prospects of the ‘Half-Half’ copayment scheme, Phase 2, scheduled for January 2026.
The analyst notes that, although the U.S. Fed signals the unlikelihood of a December rate cut, market participants have already factored in such a possibility. Notably, the declines in oil prices could potentially put some pressure on the Thai market.
The firm set a resistance level for the SET Index at 1,285 points and a support level at 1,270 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,272.17 points, increased 2.13 points or 0.17%, with a trading value of THB 30.42 billion.
