On Wednesday, Maybank Securities (Thailand) expects the Thai market to edge up along with the global markets’ trend, after the U.S. President Donald Trump signaled a withdrawal of U.S. troops from Iran operation, which could de-escalate the conflict earlier than estimated, and pushing the global markets back to risk-on sentiment.
Domestically, there are supporting catalysts from the royal approval of the new cabinet, which will declare policies on April 9 – 10. Investors are anticipating the rollout of economic stimulus measures, which will be a positive factor for the Thai market.
The securities firms set a resistance level for the SET Index at 1,480 – 1,500 points and a support level at 1,450 points for today’s session.
Yesterday, Thailand’s SET Index closed at 1,448.14 points, decreased 1.48 points or 0.10%, with a trading value of THB 71.8 billion.
