On Friday, Maybank Securities (Thailand) expects the Thai market to trade sideways due to downward sentiment from the U.S. reciprocal tariffs.
Domestically, the market received supporting factors from the passing of the Entertainment Complex draft law yesterday, with the bill set to enter preliminary discussion in the parliament before the SongKran holidays.
However, the bearish trading volume may weigh down the index movement.
The firm set a resistance level for the SET Index at 1,200 points and a support level at 1,180 points.
Yesterday, Thailand’s SET Index closed at 1,187.90 points, decreased 2.46 points or 0.21% with a trading value of THB 27.60 billion.
