On Thursday, Maybank Securities expects the Thai market to trade sideways within range. The securities firm anticipated a downside sentiment on the opening session as the U.S. stock market plunged from selloff in the technology sector, and the Federal Reserve’s concerns over economic impacts of the tariffs. However, the firm believed that the downside would be limited as China opened a negotiation window with the U.S. provided some positive sign.
Domestically, the firm recommends investors to closely monitor the Virtual Bank licensing grant to three banks, and TISCO 1Q25 financial statements.
The firm set a resistance level for the SET Index at 1,150 points and a support level at 1,125 points.
Yesterday, Thailand’s SET Index closed at 1,138.90 points, increased 10.24 points or 0.91% with a trading value of THB 41.20 billion.
