On Tuesday, Maybank Securities expects the Thai market to rebound due to supporting factors from rising oil prices, after U.S. President Donald Trump threatened to attack Iran, and decided to impose tariffs on countries that purchase Russian oil.
Meanwhile, investors are closely monitoring the U.S. reciprocal tariff, which is set to be in effect on April 2.
Domestically, the securities company believes that the panic sell from the earthquake is subsiding, after the SET Index plunged 1.5% to near 2004 Tsunami level, which fell 1-2%.
The firm set a resistance level for the SET Index at 1,170 points and a support level at 1,150 points.
Yesterday, Thailand’s SET Index closed at 1,158.09 points, decreased 17.36 points or 1.48% with a trading value of THB 40.26 billion.
